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

Allot Ltd is a provider of 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 mobile, fixed, and cloud service providers and enterprises. It has a customer base in Europe, Asia and Oceania, the Americas, the Middle East, and Africa.

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

As of November 8, 2024, ALLT stock price was flat at $3.90 with 60,509 million shares trading.

ALLT has a beta of 0.39, meaning it tends to be less sensitive to market movements. ALLT has a correlation of 0.01 to the broad based SPY ETF.

ALLT has a market cap of $149.92 million. This is considered a Micro Cap stock.

Last quarter Allot Ltd. - reported $22 million in Revenue and -$.02 earnings per share. This fell short of revenue expectation by $-136,000 and exceeded earnings estimates by $.02.

In the last 3 years, ALLT traded as high as $15.87 and as low as $1.19.

ALLT has outperformed the market in the last year with a price return of +158.3% while the SPY ETF gained +38.4%. ALLT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +36.8% and +13.0%, respectively, while the SPY returned +15.6% and +3.2%, respectively.

ALLT support price is $3.73 and resistance is $4.07 (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 shares will trade within this expected range on the day.