Needham analyst Alex Henderson maintained a Buy rating on Allot (ALLT – Research Report) today and set a price target of $6.00. The company’s shares closed yesterday at $3.40.
Henderson covers the Technology sector, focusing on stocks such as Ciena, Radware, and Qualys. According to TipRanks, Henderson has an average return of 14.6% and a 55.73% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Allot with a $9.00 average price target.
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The company has a one-year high of $11.98 and a one-year low of $2.75. Currently, Allot has an average volume of 232.2K.
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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.
Read More on ALLT:
- Taiwan’s Far EasTone Telecommunications Launches Consumer Cybersecurity Services Based on Allot NetworkSecure
- Allot Announces Third Quarter 2022 Financial Results
- Allot NetworkSecure Selected by Verizon to Provide Network-based Cybersecurity Protection to their SMB Customers
- 70% of Small Businesses Surveyed Globally Want Telecom Providers to Provide Secure Traffic
