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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Allot Communications Ltd (NASDAQ: ALLT) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Allot Communications Ltd (NASDAQ: ALLT) concerning whether a series of statements by Allot Communications Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 6, 2015, Barclays published a report before the market opened that downgraded the Company, citing concerns about the company's limited guidance and transparency. After the release of this report NASDAQ: ALLT shares fell from $8.02 to close at $7.70 on May 6, a drop of nearly 4%.
Additionally, before the market opened on July 6, 2015, Allot announced second quarter and fiscal year 2015 revenue forecasts below expectations. After the issuing of that announcement, NASDAQ: ALLT shares fell as much as 15% in intraday trading on July 6, 2015.
Based in Hod-Hasharon, Israel and founded in 1996, Allot Communications Ltd is a worldwide provider of internet protocol service optimization. Through DPI-based broadband solutions, the Company’s solutions analyze, protect, improve and monetize the user experience over mobile, fixed and cloud assets.
If you purchased shares of Allot Communications Ltd (NASDAQ: ALLT) on or before May 6, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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