Allot Communications Ltd (NASDAQ:ALLT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.63 and traded as high as $3.70. Allot Communications shares last traded at $3.51, with a volume of 171,540 shares trading hands.
Analysts Set New Price Targets
Several equities analysts have commented on ALLT shares. StockNews.com lowered shares of Allot Communications from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Northland Capmk raised shares of 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 increased their price target for the stock from $2.25 to $13.00 in a research note on Monday, August 5th.
Read Our Latest Stock Analysis on Allot Communications
Allot Communications Stock Down 1.4 %
The business has a 50-day simple moving average of $3.12 and a two-hundred day simple moving average of $2.64. The company has a market capitalization of $133.01 million, a price-to-earnings ratio of -2.48 and a beta of 1.06. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.13 and a current ratio of 2.40.
Allot Communications (NASDAQ:ALLT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. Allot Communications had a negative net margin of 40.18% and a negative return on equity of 67.44%. The firm had revenue of $22.16 million during the quarter, compared to analysts' expectations of $22.30 million. As a group, equities analysts predict that Allot Communications Ltd will post -0.24 EPS for the current year.
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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