Allot Communications Ltd (NASDAQ:ALLT - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.04 and traded as high as $8.30. Allot Communications shares last traded at $8.16, with a volume of 412,713 shares.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Allot Communications from a "hold" rating to a "buy" rating in a research report on Thursday.
Check Out Our Latest Analysis on ALLT
Allot Communications Stock Performance
The business has a 50-day moving average price of $6.23 and a 200-day moving average price of $6.16. 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 $314.67 million, a price-to-earnings ratio of -12.25 and a beta of 1.21.
Allot Communications (NASDAQ:ALLT - Get Free Report) last announced its earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.07. Allot Communications had a negative return on equity of 48.04% and a negative net margin of 26.69%. The company had revenue of $24.91 million for the quarter, compared to analyst estimates of $24.40 million. As a group, sell-side analysts forecast that Allot Communications Ltd will post -0.18 earnings per share for the current year.
Hedge Funds 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) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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. Hedge funds and other institutional investors own 51.50% of the company's stock.
About Allot Communications
(
Get Free Report)
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.
Read More
Before you consider Allot, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allot wasn't on the list.
While Allot currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
