Shares of Allot Communications Ltd (NASDAQ:ALLT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.66 and traded as high as $8.49. Allot Communications shares last traded at $8.48, with a volume of 823 shares trading hands.
ALLT has been the subject of a number of research reports. BidaskClub upgraded shares of Allot Communications from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Zacks Investment Research cut shares of Allot Communications from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, ValuEngine upgraded shares of Allot Communications from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd.
The company has a quick ratio of 2.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.03. The stock has a market cap of $298.86 million, a price-to-earnings ratio of -35.42 and a beta of 0.86. The business’s fifty day moving average is $8.16 and its two-hundred day moving average is $7.66.
Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings results on Tuesday, November 5th. The communications equipment provider reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). Allot Communications had a negative net margin of 8.26% and a negative return on equity of 6.98%. The company had revenue of $27.64 million during the quarter, compared to analysts’ expectations of $27.70 million. As a group, sell-side analysts expect that Allot Communications Ltd will post -0.29 earnings per share for the current year.
A hedge fund recently raised its stake in Allot Communications stock. Cowen Prime Services LLC boosted its position in shares of Allot Communications Ltd (NASDAQ:ALLT) by 41.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,200 shares of the communications equipment provider’s stock after acquiring an additional 2,400 shares during the period. Cowen Prime Services LLC’s holdings in Allot Communications were worth $59,000 as of its most recent SEC filing. 62.50% of the stock is owned by hedge funds and other institutional investors.
About Allot Communications (NASDAQ:ALLT)
Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.
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