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

StockNews.com upgraded shares of Allot Communications (NASDAQ:ALLT) from a hold rating to a buy rating in a report published on Tuesday.

Allot Communications Stock Performance

Shares of Allot Communications stock opened at $8.48 on Tuesday. Allot Communications has a 12 month low of $2.02 and a 12 month high of $9.44. The firm has a market capitalization of $335.22 million, a P/E ratio of -13.05 and a beta of 1.21. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83. The business has a fifty day simple moving average of $5.81 and a two-hundred day simple moving average of $5.89.

Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings data on Tuesday, February 25th. The communications equipment provider reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. Allot Communications had a negative net margin of 26.69% and a negative return on equity of 48.04%. The business had revenue of $24.91 million for the quarter, compared to analyst estimates of $24.40 million. On average, equities analysts forecast that Allot Communications will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Allot Communications

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC raised its stake in Allot Communications by 345.1% during the fourth quarter. FNY Investment Advisers LLC now owns 34,537 shares of the communications equipment provider’s stock valued at $205,000 after buying an additional 26,778 shares during the last quarter. DCF Advisers LLC bought a new position in shares of Allot Communications during the first quarter valued at $138,000. Finally, Cloud Capital Management LLC purchased a new position in shares of Allot Communications in the 1st quarter worth about $452,000. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Allot Communications Company Profile

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.