Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.75 and traded as high as $3.75. Allot Communications shares last traded at $3.64, with a volume of 240,531 shares changing hands.
Analysts Set New Price Targets
ALLT has been the topic of several recent research reports. Northland Securities upgraded Allot Communications from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $2.25 to $13.00 in a research report on Monday, August 5th. StockNews.com cut shares of Allot Communications from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Finally, Northland Capmk raised shares of Allot Communications from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th.
Get Our Latest Stock Analysis on ALLT
Allot Communications Trading Up 7.1 %
The stock has a 50-day moving average of $3.17 and a 200 day moving average of $2.76. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.40 and a quick ratio of 2.13.
Allot Communications (NASDAQ:ALLT - Get Free Report) last released its earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The firm had revenue of $22.16 million for the quarter, compared to analyst estimates of $22.30 million. Allot Communications had a negative net margin of 40.18% and a negative return on equity of 67.44%. As a group, equities analysts anticipate that Allot Communications Ltd will post -0.24 EPS for the current 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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