Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.00 and traded as high as $5.19. Allot Communications shares last traded at $5.09, with a volume of 730,149 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Allot Communications from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.
Read Our Latest Stock Report on ALLT
Allot Communications Stock Up 0.8 %
The firm has a market cap of $197.21 million, a PE ratio of -7.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32. The firm's 50-day moving average price is $7.29 and its two-hundred day moving average price is $5.02.
Allot Communications (NASDAQ:ALLT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.07. Allot Communications had a negative net margin of 26.69% and a negative return on equity of 48.04%. The company had revenue of $24.91 million for the quarter, compared to analysts' expectations of $24.40 million. As a group, equities research analysts expect that Allot Communications Ltd will post -0.18 EPS for the current fiscal year.
Institutional Trading of Allot Communications
A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC grew its stake in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 345.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,537 shares of the communications equipment provider's stock after acquiring an additional 26,778 shares during the period. FNY Investment Advisers LLC owned about 0.09% of Allot Communications worth $205,000 at the end of the most recent reporting period. 51.50% of the stock is owned by institutional investors and hedge funds.
About Allot Communications
(
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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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