Allot Communications (NASDAQ:ALLT - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.
Allot Communications Stock Performance
Shares of NASDAQ ALLT traded down $0.17 during midday trading on Thursday, reaching $5.75. The company had a trading volume of 762,542 shares, compared to its average volume of 1,049,676. The stock has a market cap of $221.04 million, a P/E ratio of -8.85 and a beta of 1.05. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83. Allot Communications has a 1 year low of $1.99 and a 1 year high of $9.44. The business's 50-day simple moving average is $7.29 and its 200 day simple moving average is $4.91.
Allot Communications (NASDAQ:ALLT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. The company had revenue of $24.91 million during the quarter, compared to analysts' expectations of $24.40 million. Allot Communications had a negative return on equity of 48.04% and a negative net margin of 26.69%. On average, analysts forecast that Allot Communications will post -0.18 earnings per share for the current fiscal year.
Institutional Trading of Allot Communications
An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC increased its holdings in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 345.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,537 shares of the communications equipment provider's stock after purchasing an additional 26,778 shares during the period. FNY Investment Advisers LLC owned approximately 0.09% of Allot Communications worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 51.50% of the company's stock.
About Allot Communications
(
Get Free Report)
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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