Allot Communications (NASDAQ:ALLT) Stock Passes Above 200-Day Moving Average of $2.51

Allot Communications Ltd (NASDAQ:ALLT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.51 and traded as high as $3.10. Allot Communications shares last traded at $3.00, with a volume of 84,349 shares.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ALLT. Northland Capmk raised Allot Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. StockNews.com downgraded shares of Allot Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, 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 Price Performance

The company has a market capitalization of $115.33 million, a PE ratio of -2.11 and a beta of 1.07. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.13 and a current ratio of 2.40. The stock has a 50 day moving average price of $3.09 and a two-hundred day moving average price of $2.51.

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