Allot Communications (NASDAQ:ALLT) Upgraded at StockNews.com

StockNews.com upgraded shares of Allot Communications (NASDAQ:ALLT) from a hold rating to a buy rating in a research note published on Wednesday morning.

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

Allot Communications Stock Down 3.6 %

ALLT stock opened at $4.23 on Wednesday. The firm’s fifty day simple moving average is $3.31 and its 200-day simple moving average is $2.88. The company has a market capitalization of $162.60 million, a P/E ratio of -6.51 and a beta of 1.04. 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 12 month low of $1.19 and a 12 month high of $4.55.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings data on Tuesday, August 27th. The communications equipment provider reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The business had revenue of $22.16 million for the quarter, compared to the consensus estimate of $22.30 million. Allot Communications had a negative net margin of 26.69% and a negative return on equity of 47.95%. As a group, equities research analysts forecast that Allot Communications 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.