Allot Communications (NASDAQ:ALLT) Upgraded by StockNews.com to “Buy” Rating

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

Other equities research analysts have also recently issued research reports about the company. Northland Securities upgraded Allot Communications from a “market perform” rating to an “outperform” rating and increased their target price for the company from $2.25 to $13.00 in a report on Monday, August 5th. Northland Capmk raised Allot Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th.

Allot Communications Price Performance

Allot Communications stock opened at $3.85 on Wednesday. The firm has a market capitalization of $148.00 million, a PE ratio of -4.01 and a beta of 1.04. Allot Communications has a 52 week low of $1.19 and a 52 week high of $4.28. The firm’s 50-day simple moving average is $3.29 and its 200 day simple moving average is $2.87. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.85.

Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The company 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 40.18% and a negative return on equity of 67.44%. On average, equities research analysts predict 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.