Allot Communications (NASDAQ:ALLT) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Allot Communications (NASDAQ:ALLT) in a report published on Saturday. The brokerage issued a sell rating on the communications equipment provider’s stock.

Allot Communications Stock Performance

Allot Communications stock opened at $2.51 on Friday. The company has a market capitalization of $96.48 million, a price-to-earnings ratio of -1.77 and a beta of 1.05. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.43 and a quick ratio of 2.10. Allot Communications has a 12-month low of $1.19 and a 12-month high of $3.19. The firm’s fifty day moving average price is $2.16 and its 200 day moving average price is $2.00.

Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings data on Wednesday, May 29th. The communications equipment provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.10. The company had revenue of $21.89 million during the quarter, compared to analyst estimates of $19.10 million. Allot Communications had a negative net margin of 57.45% and a negative return on equity of 88.89%. On average, research analysts forecast that Allot Communications will post -0.23 EPS for the current fiscal year.

About Allot Communications

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.