Allot Communications Ltd (ALLT) was Downgraded by Wunderlich to ” Hold” while Lowering the Price Target of the company shares to $ 5.50 from a previous price target of $7 . Earlier the firm had a rating of “Buy ” on the company shares. Wunderlich advised their investors in a research report released on May 3, 2016.
On the company’s financial health, Allot Communications Ltd reported $-0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.00. The company had revenue of $22.90 million for the quarter, compared to analysts expectations of $24.33 million. The company’s revenue was down -22.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.
Allot Communications Ltd closed down -0.14 points or -2.58% at $5.28 with 68,990 shares getting traded on Monday. Post opening the session at $5.35, the shares hit an intraday low of $5.24 and an intraday high of $5.35 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Allot Communications Ltd. (Allot) is a global provider of broadband solutions. The Company is focused on developing mobile fixed and enterprise networks to support the digital lifestyle. Its solutions are based on its deep packet inspection (DPI) technology identify and leverage the business intelligence in data networks. It offers services to mobile and fixed broadband service providers cable operators private networks data centers governments and enterprises such as financial and educational institutions. It provides solutions in analytics traffic management video caching and optimization policy control and charging and service enablement solutions. Its analytics solutions deliver network business intelligence to drive capacity planning congestion management service planning and marketing decisions. The traffic management solutions control congestion and optimize service delivery. Dynamic Quality of Service (QoS) enforcement enables traffic management strategies.