Needham analyst Alex Henderson assigned a Buy rating to Allot (ALLT) today and set a price target of $15.00. The company’s shares closed last Wednesday at $10.23.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 19.2% and a 53.4% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and CrowdStrike Holdings.
Allot has an analyst consensus of Moderate Buy, with a price target consensus of $15.00.
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The company has a one-year high of $13.05 and a one-year low of $6.44. Currently, Allot has an average volume of 194.6K.
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Allot Ltd. engages in the development and provision of network intelligence and security solutions for mobile, fixed service providers, enterprises. The firm offers analytics, traffic management, policy control and charging, and service enablement platforms. It also provides maintenance, support services, and professional services including installation and training. The company was founded by Yigal Jacoby and Michael Shurman on November 12, 1996 and is headquartered in Hod-Hasharon, Israel.
