Allot Communications (NASDAQ:ALLT) Raised to Buy at StockNews.com

Allot Communications (NASDAQ:ALLT) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other equities analysts also recently commented on ALLT. Northland Capmk upgraded shares of Allot Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Northland Securities upgraded shares of Allot Communications from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $2.25 to $13.00 in a research report on Monday, August 5th.

Allot Communications Stock Down 1.2 %

NASDAQ:ALLT traded down $0.04 on Wednesday, hitting $3.85. 138,216 shares of the company’s stock were exchanged, compared to its average volume of 103,505. The company has a market cap of $148.00 million, a P/E ratio of -4.01 and a beta of 1.04. The firm has a 50-day moving average price of $3.29 and a 200-day moving average price of $2.87. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.40 and a quick ratio of 2.13. Allot Communications has a 52 week low of $1.19 and a 52 week high of $4.28.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings data on Tuesday, August 27th. The communications equipment provider reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. Allot Communications had a negative net margin of 40.18% and a negative return on equity of 67.44%. The company had revenue of $22.16 million for the quarter, compared to analyst estimates of $22.30 million. As a group, analysts expect that Allot Communications will post -0.24 EPS for the current fiscal 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.