Allot Communications Ltd (NASDAQ:ALLT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.87 and traded as high as $4.12. Allot Communications shares last traded at $3.85, with a volume of 138,216 shares traded.
Analyst Upgrades and Downgrades
A number of research firms have commented on ALLT. StockNews.com upgraded shares of Allot Communications from a "hold" rating to a "buy" rating in a research report on Wednesday. Northland Capmk upgraded Allot Communications from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. Finally, Northland Securities upgraded shares of Allot Communications from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $2.25 to $13.00 in a report on Monday, August 5th.
Read Our Latest Stock Report on Allot Communications
Allot Communications Stock Down 1.2 %
The stock's fifty day simple moving average is $3.29 and its 200-day simple moving average is $2.87. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.85.
Allot Communications (NASDAQ:ALLT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The company had revenue of $22.16 million for the quarter, compared to analysts' expectations of $22.30 million. Allot Communications had a negative return on equity of 47.95% and a negative net margin of 26.69%. On average, research analysts forecast that Allot Communications Ltd will post -0.24 EPS for the current fiscal year.
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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