NEW YORK, July 6, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Allot Communications Ltd. ("Allot" or the "Company") (NASDAQ: ALLT). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
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. On this adverse news, Allot shares have fallen as much as 15% in intraday trading on July 6, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP