Allot Communications (NASDAQ:ALLT) Now Covered by Analysts at started coverage on shares of Allot Communications (NASDAQ:ALLTFree Report) in a research note issued to investors on Friday morning. The brokerage issued a sell rating on the communications equipment provider’s stock.

Separately, Needham & Company LLC lowered their target price on shares of Allot Communications from $4.00 to $2.50 and set a buy rating on the stock in a research report on Friday, November 24th.

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Allot Communications Price Performance

Shares of NASDAQ:ALLT opened at $2.06 on Friday. The stock has a market capitalization of $79.06 million, a price-to-earnings ratio of -1.27 and a beta of 1.02. Allot Communications has a one year low of $1.19 and a one year high of $3.34. The company has a 50-day simple moving average of $1.76 and a 200-day simple moving average of $1.84. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.99 and a current ratio of 2.29.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Allot Communications stock. Ancora Advisors LLC lifted its position in Allot Communications Ltd (NASDAQ:ALLTFree Report) by 56.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,392 shares of the communications equipment provider’s stock after purchasing an additional 9,140 shares during the quarter. Ancora Advisors LLC owned 0.07% of Allot Communications worth $406,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 56.18% of the company’s stock.

About Allot Communications

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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.

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