Allot Communications Ltd (NASDAQ:ALLT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.53 and traded as high as $7.53. Allot Communications shares last traded at $7.50, with a volume of 82,557 shares changing hands.
Several research firms have commented on ALLT. ValuEngine raised Allot Communications from a “hold” rating to a “buy” rating in a report on Tuesday. BidaskClub cut Allot Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 15th. Finally, Zacks Investment Research upgraded Allot Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th.
The company has a market capitalization of $254.21 million, a P/E ratio of -31.21 and a beta of 0.78. The firm has a 50 day moving average price of $7.75 and a two-hundred day moving average price of $7.53. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.79 and a current ratio of 3.02.
Allot Communications (NASDAQ:ALLT) last released its quarterly earnings data on Tuesday, August 6th. The communications equipment provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Allot Communications had a negative net margin of 8.91% and a negative return on equity of 6.28%. The company had revenue of $26.55 million during the quarter, compared to the consensus estimate of $26.63 million. On average, equities analysts expect that Allot Communications Ltd will post -0.28 earnings per share for the current year.
An institutional investor recently raised its position in Allot Communications stock. Worth Venture Partners LLC grew its stake in Allot Communications Ltd (NASDAQ:ALLT) by 13.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,725 shares of the communications equipment provider’s stock after purchasing an additional 12,442 shares during the period. Worth Venture Partners LLC owned approximately 0.31% of Allot Communications worth $755,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 59.35% of the company’s stock.
Allot Communications Company Profile (NASDAQ:ALLT)
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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