StockNews.com assumed coverage on shares of Allot Communications (NASDAQ:ALLT - Get Free Report) in a research note issued to investors on Wednesday. The brokerage set a "sell" rating on the communications equipment provider's stock.
Allot Communications Stock Performance
Shares of NASDAQ ALLT traded down $0.11 during midday trading on Wednesday, hitting $2.16. 26,178 shares of the company's stock were exchanged, compared to its average volume of 57,381. The company has a quick ratio of 1.99, a current ratio of 2.29 and a debt-to-equity ratio of 0.80. Allot Communications has a 12 month low of $1.19 and a 12 month high of $3.34. The company's 50 day moving average price is $2.08 and its 200 day moving average price is $1.82. The firm has a market capitalization of $82.90 million, a PE ratio of -1.31 and a beta of 1.02.
Allot Communications (NASDAQ:ALLT - Get Free Report) last issued its earnings results on Thursday, February 15th. The communications equipment provider reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.27). Allot Communications had a negative return on equity of 87.18% and a negative net margin of 67.42%. The business had revenue of $24.34 million for the quarter, compared to the consensus estimate of $22.40 million. As a group, analysts predict that Allot Communications will post -0.44 earnings per share for the current fiscal year.
Institutional Trading of Allot Communications
A hedge fund recently raised its stake in Allot Communications stock. Ancora Advisors LLC increased its position in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 31.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,690 shares of the communications equipment provider's stock after purchasing an additional 34,728 shares during the period. Ancora Advisors LLC owned approximately 0.39% of Allot Communications worth $392,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 51.50% of the company's stock.
About Allot Communications
(
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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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