Summary
I discovered Allot Communications (ALLT) using Barchart's screening tools, highlighting its strong technical buy signals and impressive price appreciation since 10/17.
Allot Ltd. specializes in security and network intelligence solutions for various service providers and enterprises, with a robust product portfolio and global reach.
Barchart's technical indicators show 100% buy signals, a 414.38% gain in the last year, and the stock is above its 20, 50, and 100-day moving averages.
Despite mixed analyst opinions, with one strong buy and others more cautious, the stock's recent performance and growth potential make it noteworthy.
The Chart of the Day belongs to the security software company Allot Communications (ALLT) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 10/17 the stock gained 142.90%.
ALLT Price vs Daily Moving Averages:
Allot Ltd. engages in developing, selling, and marketing security solutions and network intelligence solutions for mobile, fixed, and cloud service providers, as well as enterprises worldwide. The company's Allot Secure Management platform includes various multi-tenant solutions comprising Allot NetworkSecure, Allot HomeSecure, Allot DNSecure, Allot IoTSecure, Allot BusinessSecure, and EndPoint Secure, as well as Allot Secure Cloud. It also offers Allot DDoS Secure/5G Protect, a solution that provides attack detection and mitigation services; and AllotSmart that enables telecommunication providers to comply with a range of regulatory requirements targeted to assist governments with securing the public. The company markets its products through direct sales, distributors, resellers, original equipment manufacturers, and system integrators to carriers, mobile and fixed service providers, cable operators, satellite service providers, private networks, data centers, financial and educational institutions, and governments. Allot Ltd. was incorporated in 1996 and is headquartered in Hod Hasharon, Israel.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 456.75+ Weighted Alpha
- 414.38% gain in the last year
- Trend Seeker buy signal
- 1.00 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 11 new highs and up 49.34% in the last month
- Relative Strength Index 85.65%
- Technical support level at $7.03
- Recently traded at $7.87 with 50 day moving average of $4.83
Fundamental Factors:
- Market Cap $288 million
- Revenue expected to grow 8.83% next year
- Earnings estimated to increase 13.97% this year and an additional 13.43% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Only one Wall Street analyst follows the stock and issued a very strong buy opinion on the stock
- His price target is $13 for a 65% gain
- Value Line give the stock an average rating
- CFRA's MarketScope has a hold recommendation
- MorningStar thinks the stock is 33% over valued
- 5,750 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
I really enjoy and solicit your feedback. If you find Chart of the Day helpful please click the envelope in the upper right corner and leave a comment. Constructive criticism is also appreciated
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
