Northland Capmk Upgrades Allot Communications (NASDAQ:ALLT) to Strong-Buy

Northland Capmk upgraded shares of Allot Communications (NASDAQ:ALLT) from a hold rating to a strong-buy rating in a research report report published on Monday morning, Zacks.com reports.

A number of other research firms have also weighed in on ALLT. StockNews.com initiated coverage on shares of Allot Communications in a research report on Monday, July 15th. They set a buy rating for the company. Northland Securities upgraded shares of Allot Communications from a market perform rating to an outperform rating and boosted their price objective for the stock from $2.25 to $13.00 in a report on Monday.

Allot Communications Stock Up 8.8 %

Allot Communications stock opened at $3.10 on Monday. The firm has a market cap of $119.17 million, a price-to-earnings ratio of -2.18 and a beta of 1.04. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.43 and a quick ratio of 2.10. Allot Communications has a fifty-two week low of $1.19 and a fifty-two week high of $3.41. The firm has a fifty day moving average price of $2.54 and a two-hundred day moving average price of $2.24.

Allot Communications (NASDAQ:ALLT) last released its earnings results on Wednesday, May 29th. The communications equipment provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.10. The firm had revenue of $21.89 million during the quarter, compared to analyst estimates of $19.10 million. Allot Communications had a negative net margin of 57.45% and a negative return on equity of 88.89%. As a group, analysts forecast 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.