Northland lowered the firm’s price target on Allot Ltd. to $1.75 from $3 and keeps a Market Perform rating on the shares. The firm’s lower target reflects reduced visibility as limited Deep Packet Inspection visibility continues to cause total revenue to miss expectations for Q3 and Q4 and cause uncertainty for calendar 2024, the analyst tells investors.
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Read More on ALLT:
- Allot Ltd. price target lowered to $2 from $3 at Lake Street
- Allot Ltd. sees Q4 revenue $20M-$25M, consensus $28.12M
- Allot Ltd. reports Q3 EPS (28c), consensus (27c)
- Allot Announces Q3 2023 Financial Results
- Allot to Release Third Quarter 2023 Earnings on November 16, 2023 and Reschedules Conference Call to November 22, 2023
