Allot Communications (NASDAQ:ALLT) Downgraded by Zacks Investment Research to Hold

Allot Communications stock has undergone multiple analysts rating changes in the recent past.  Allot Communications Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Allot Communications traded down -$0.45 on Tuesday, reaching $14.68. 0 shares of the stock traded hands, compared to its average volume of 132925. Shares of Allot Communications were trading at $14.68 on Tuesday. The firm’s 50 day moving average is $15.95 and its 200 day moving average is $16.49.Allot Communications has a 12 month low of $14.52 and a 12 month high of $21.04. While on yearly highs and lows, Allot Communications’s today has traded high as $15.30 and has touched $14.52 on the downward trend. See More Analyst Rating at: RATING

Allot Communications Earnings and What to expect: 

Allot Communications last released its quarterly earnings data on August 9th, 2021. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. The firm had revenue of $35.29 million for the quarter. Allot Communications has generated ($0.25) earnings per share over the last year (($0.34) diluted earnings per share). Earnings for Allot Communications are expected to grow in the coming year, from ($0.20) to ($0.07) per share. Allot Communications has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, November 3rd, 2021 based off prior year’s report dates.

Earnings for Allot Communications are expected to grow in the coming year, from ($0.20) to ($0.07) per share. The P/E ratio of Allot Communications is -43.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Allot Communications is -43.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Allot Communications has a P/B Ratio of 3.99. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Allot Communications (NASDAQ:ALLT) Moving Average Technical Analysis

5 day Moving Average is $15.40 And 5 day price change is -$0.26 (-1.74%)  with average volume for 5 day average is 164,220. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $15.17 and 20 day price change is -$0.79 (-5.11%) and average 20 day moving volume is 140,295. 50 day moving average is $15.95  and 50 day price change is -$4.15 ( -22.04%)  and with average volume for 50 days is : 133,200. 200 day moving average is $16.49  and 200 day price change is $3.47 (30.95%)  and with average volume for 200 days is : 241,214.

Other owners latest trading in Allot Communications :

  • On 8/13/2021 shares held by Ancora Advisors LLC were 18,342 which equates to market value of $0.36M and appx 0.00% owners of Allot Communications
  • On 8/13/2021 shares held by Alpha Paradigm Partners LLC were 24,076 which equates to market value of $0.48M and appx 0.20% owners of Allot Communications
  • On 8/4/2021 shares held by Cowen Prime Advisors LLC were 15,600 which equates to market value of $0.31M and appx 0.10% owners of Allot Communications
  • In total Institutional ownership equates to Institutional Ownership Percentage: 73.20% for Allot Communications

See More Analyst Rating at: RATING