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.
ALLT has been the subject of a number of research reports. Northland Securities upgraded shares of Allot Communications from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $2.25 to $13.00 in a research report on Monday, August 5th. Northland Capmk raised Allot Communications from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. Finally, StockNews.com downgraded Allot Communications from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th.
Read Our Latest Research Report on Allot Communications
The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.85. The company's 50-day moving average is $3.12 and its 200 day moving average is $2.64. The company has a market cap of $134.93 million, a price-to-earnings ratio of -2.47 and a beta of 1.06.
Allot Communications (NASDAQ:ALLT - Get Free Report) last released its earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The business had revenue of $22.16 million during the quarter, compared to analysts' expectations of $22.30 million. Allot Communications had a negative net margin of 40.18% and a negative return on equity of 67.44%. Research analysts predict that Allot Communications Ltd will post -0.24 EPS for the current year.
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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