Why Needham Backed Allot in November After a Decade-High Profit Quarter

Allot Ltd. (NASDAQ:ALLT) is one of the best-performing small-cap tech stocks in the last three years. On November 21, following Allot’s Q3 print a day earlier, Needham & Company (analyst Mike Cikos) reiterated a Buy rating and a $12.50 price target, keeping its positive stance on the stock. Why Needham Backed Allot in November After a Decade-High Profit Quarter Den Rise/Shutterstock.com In its November 20 results, Allot reported revenue of $26.4 million (+14% YoY), non-GAAP operating income of $3.7 mil ...