Allot Communications (NASDAQ:ALLT) Upgraded to Outperform at Northland Securities

Northland Securities upgraded shares of Allot Communications (NASDAQ:ALLT) from a market perform rating to an outperform rating in a research note released on Monday, MarketBeat.com reports. They currently have $13.00 price target on the communications equipment provider’s stock, up from their previous price target of $2.25.

Separately, StockNews.com began coverage on shares of Allot Communications in a research report on Monday, July 15th. They set a buy rating on the stock.

Allot Communications Price Performance

Shares of ALLT stock opened at $3.10 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.10 and a current ratio of 2.43. Allot Communications has a fifty-two week low of $1.19 and a fifty-two week high of $3.41. The firm has a market cap of $119.17 million, a P/E ratio of -2.18 and a beta of 1.04. The business’s 50 day moving average price is $2.54 and its 200-day moving average price is $2.24.

Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings results on Wednesday, May 29th. The communications equipment provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.10. The company had revenue of $21.89 million during the quarter, compared to analyst estimates of $19.10 million. Allot Communications had a negative return on equity of 88.89% and a negative net margin of 57.45%. On average, equities research analysts anticipate that Allot Communications will post -0.23 earnings per share for the current year.

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.