An investigation for investors in Allot Communications Ltd (NASDAQ:ALLT) shares over potential securities laws violations by Allot Communications Ltd was announced and NASDAQ:ALLT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/22/2015 -- The Shareholders Foundation announces that an investigation on behalf of investors of Allot Communications Ltd (NASDAQ:ALLT) shares was launched over potential securities laws violations by Allot Communications and certain of its directors and officers in connection certain financial statements.d.
Investors who purchased shares of Allot Communications Ltd (NASDAQ:ALLT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Allot Communications Ltd (NASDAQ:ALLT) concerning whether a series of statements by Allot Communications regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 6, 2015, Barclays reportedly downgraded Allot Communications Ltd citing concerns about the company's limited guidance and transparency.
On July 6, 2015, Allot Communications Ltd announced its second quarter 2015 results and fiscal year 2015 revenue forecasts.
Shares of Allot Communications Ltd (NASDAQ:ALLT) declined from $16.82 per share in February 2014 to as low as $5.18 per share on July 10, 2015.
On July 20, 2015, NASDAQ:ALLT shares closed at $5.50 per share.
Those who purchased shares of Allot Communications Ltd (NASDAQ:ALLT) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com