According to Zacks, “Allot Communications Ltd. is a leading provider of intelligent IP service optimization solutions. Designed for carriers, service providers and enterprises, Allot solutions apply deep packet inspection technology to transform broadband pipes into smart networks. This creates the visibility and control vital to manage applications, services and subscribers, guarantee quality of service, contain operating costs and maximize revenue. Allot believes in listening to customers and provides them access to its global network of visionaries, innovators and support engineers. “
Several other equities research analysts have also recently issued reports on ALLT. BidaskClub raised shares of Allot Communications from a sell rating to a hold rating in a research report on Thursday, October 31st. ValuEngine raised Allot Communications from a hold rating to a buy rating in a report on Tuesday, October 22nd.
Shares of ALLT stock traded down $0.01 during trading hours on Tuesday, reaching $8.59. 56,792 shares of the stock were exchanged, compared to its average volume of 103,125. The business’s fifty day moving average is $7.95 and its two-hundred day moving average is $7.57. The firm has a market capitalization of $301.61 million, a P/E ratio of -35.83 and a beta of 0.78. Allot Communications has a 12-month low of $5.67 and a 12-month high of $9.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.56 and a quick ratio of 2.40.
Allot Communications (NASDAQ:ALLT) last issued its quarterly earnings results on Tuesday, November 5th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). Allot Communications had a negative net margin of 8.26% and a negative return on equity of 6.98%. The company had revenue of $27.64 million during the quarter, compared to the consensus estimate of $27.70 million. As a group, equities research analysts predict that Allot Communications will post -0.29 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Allot Communications stock. Worth Venture Partners LLC grew its position in Allot Communications Ltd (NASDAQ:ALLT) by 13.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,725 shares of the communications equipment provider’s stock after acquiring an additional 12,442 shares during the quarter. Worth Venture Partners LLC owned about 0.31% of Allot Communications worth $755,000 at the end of the most recent reporting period. 58.52% of the stock is owned by hedge funds and other institutional investors.
About Allot Communications
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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