NEW YORK, July 7, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Allot Communications Ltd. ("Allot" or the "Company") (NasdaqGS: ALLT -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at email@example.com or 212-697-6484.
The investigation concerns whether Allot and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
In a report published pre-market on May 6, 2015, Barclays downgraded the Israeli communications company, citing concerns about the company's limited guidance and transparency. On this adverse news, Allot shares fell from $8.02 to close at $7.70 on May 6, a drop of nearly 4%. Pre-market on July 6, 2015, Allot announced second quarter and fiscal year 2015 revenue forecasts below consensus. Following this news, shares of Allot fell $1.08 or 15.25% to close at $6.00 on July 6, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of Allot, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
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