Allot Communications (NASDAQ:ALLT) Raised to Buy at Wall Street Zen

Allot Communications (NASDAQ:ALLT - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Thursday.

Allot Communications Trading Up 3.1%

Shares of ALLT stock traded up $0.25 during mid-day trading on Thursday, reaching $8.21. The company's stock had a trading volume of 333,864 shares, compared to its average volume of 421,688. The company's 50 day simple moving average is $6.31 and its 200-day simple moving average is $6.20. Allot Communications has a 12-month low of $2.02 and a 12-month high of $9.44. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $324.55 million, a PE ratio of -12.63 and a beta of 1.21.

Allot Communications (NASDAQ:ALLT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. The business had revenue of $24.91 million during the quarter, compared to analyst estimates of $24.40 million. Allot Communications had a negative net margin of 26.69% and a negative return on equity of 48.04%. On average, research analysts predict that Allot Communications will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Allot Communications

An institutional investor recently bought a new position in Allot Communications stock. DCF Advisers LLC purchased a new stake in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 24,238 shares of the communications equipment provider's stock, valued at approximately $138,000. DCF Advisers LLC owned approximately 0.06% of Allot Communications at the end of the most recent quarter. 51.50% of the stock is owned by institutional investors and hedge funds.

Allot Communications Company Profile

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.