ALLT Stock Summary and Trading Ideas (Allot Ltd. - | NASDAQ:ALLT)

Allot Ltd is a provider of leading innovative network intelligence and security solutions for service providers and enterprises. The company's solutions are deployed globally for network and application analytics, traffic control and shaping, and network-based security services. The firm's multi-service platforms are deployed by over 500 mobile, fixed, and cloud service providers and over 1000 enterprises.

Allot Ltd. - trades on the NASDAQ stock market under the symbol ALLT.

As of March 27, 2023, ALLT stock price declined to $2.68 with 13,885 million shares trading.

ALLT has a beta of 0.67, meaning it tends to be less sensitive to market movements. ALLT has a correlation of 0.08 to the broad based SPY ETF.

ALLT has a market cap of $100.06 million. This is considered a Micro Cap stock.

Last quarter Allot Ltd. - reported $33 million in Revenue and -$.13 earnings per share. This fell short of revenue expectation by $-511,000 and exceeded earnings estimates by $.03.

In the last 3 years, ALLT stock traded as high as $21.04 and as low as $2.51.

The top ETF exchange traded funds that ALLT belongs to (by Net Assets): IZRL, HACK, GWX, VSS.

ALLT has underperformed the market in the last year with a price return of -67.4% while the SPY ETF lost -10.6%. ALLT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.5% and +1.5%, respectively, while the SPY returned +3.9% and +3.1%, respectively.

ALLT support price is $2.59 and resistance is $2.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALLT stock will trade within this expected range on the day.