Allot (ALLT) Receives a Hold from Oppenheimer


In a report released yesterday, George Iwanyc from Oppenheimer maintained a Hold rating on Allot (NASDAQ: ALLT). The company’s shares closed yesterday at $6.25, close to its 52-week high of $6.28.

Iwanyc wrote:

“Earlier this week, Allot reported 2Q18 results above expectations and reiterated its 2018 revenue target of $91-95M. Allot also attended our annual technology conference. We come away from the results and our management discussion incrementally comfortable with Allot’s security execution (product/go-to-market) and ability to pivot to a recurring revenue model longer term. Allot’s recent win (with McAfee) at Telefonica is also a positive sign that carriers are open to the model transition. Additionally, management expressed confidence in delivering double-digit 2019 growth and a return to breakeven/profitability in 2H19. The longer term visibility reflects confidence in continued expansion with Vodafone/Telefonica and a building pipeline with other carriers (4-5 potential 2019 deals).”

According to TipRanks.com, Iwanyc is a 3-star analyst with an average return of 14.4% and a 83.3% success rate. Iwanyc covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Ceragon Networks, and Juniper Networks.

Allot has an analyst consensus of Moderate Buy, with a price target consensus of $6.75.

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The company has a one-year high of $6.28 and a one-year low of $4.74. Currently, Allot has an average volume of 93.66K.

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Allot Communications Ltd. engages in the development and provision of network intelligence and security solutions for mobile, fixed service providers, enterprises. It offers analytics, traffic management, policy control and charging, and service enablement platforms.

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