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 info@bgandg.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 info@bgandg.com. 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.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-allot-communications-ltd-300109499.html
SOURCE Bronstein, Gewirtz & Grossman, LLC