In a report released today, Nehal Chokshi from Northland Securities reiterated a Hold rating on Allot (ALLT – Research Report), with a price target of $1.75. The company’s shares closed yesterday at $1.82.
Chokshi covers the Technology sector, focusing on stocks such as Super Micro Computer, Agilysys, and Allot. According to TipRanks, Chokshi has an average return of 28.1% and a 62.50% success rate on recommended stocks.
Currently, the analyst consensus on Allot is a Moderate Buy with an average price target of $2.08.
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ALLT market cap is currently $72.69M and has a P/E ratio of -1.34.
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Allot (ALLT) Company Description:
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.
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