Shares of Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.82 and traded as high as $6.86. Allot Communications shares last traded at $6.61, with a volume of 1,222,857 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Allot Communications from a "buy" rating to a "hold" rating in a research report on Thursday.
View Our Latest Analysis on Allot Communications
Allot Communications Trading Up 1.4 %
The company has a 50 day simple moving average of $7.27 and a 200 day simple moving average of $4.87. The company has a market capitalization of $227.58 million, a PE ratio of -9.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32.
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 the consensus estimate of ($0.05) by $0.07. Allot Communications had a negative return on equity of 48.04% and a negative net margin of 26.69%. The firm had revenue of $24.91 million during the quarter, compared to analysts' expectations of $24.40 million. Analysts anticipate that Allot Communications Ltd will post -0.18 earnings per share for the current year.
Institutional Investors Weigh In On Allot Communications
A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC raised 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 disclosure with the Securities & Exchange Commission. The firm owned 34,537 shares of the communications equipment provider's stock after purchasing an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned 0.09% of Allot Communications worth $205,000 as of its most recent SEC filing. 51.50% of the stock is currently owned by institutional investors.
Allot Communications Company Profile
(
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.
Further Reading
Before you consider Allot Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allot Communications wasn't on the list.
While Allot Communications currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
