Shares of Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.59 and traded as high as $6.32. Allot Communications shares last traded at $6.20, with a volume of 190,616 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Allot Communications from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th.
Check Out Our Latest Stock Analysis on Allot Communications
Allot Communications Stock Performance
The company has a fifty day moving average of $5.82 and a two-hundred day moving average of $5.65. The stock has a market capitalization of $230.47 million, a P/E ratio of -8.97 and a beta of 1.25. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.32 and a quick ratio of 2.06.
Allot Communications (NASDAQ:ALLT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. The company had revenue of $24.91 million during the quarter, compared to analyst estimates 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, equities analysts anticipate that Allot Communications Ltd will post -0.18 EPS for the current year.
Institutional Trading of Allot Communications
An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC increased its position in Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 345.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & 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 approximately 0.09% of Allot Communications worth $205,000 at the end of the most recent reporting period. 51.50% of the stock is currently owned by hedge funds and other institutional investors.
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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