Allot Communications (NASDAQ:ALLT) Shares Pass Above 200 Day Moving Average of $7.66

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Allot Communications Ltd (NASDAQ:ALLT)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.66 and traded as high as $8.49. Allot Communications shares last traded at $8.48, with a volume of 823 shares traded.

A number of brokerages have commented on ALLT. ValuEngine upgraded shares of Allot Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. BidaskClub upgraded shares of Allot Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Zacks Investment Research downgraded shares of Allot Communications from a “hold” rating to a “sell” rating in a research report on Wednesday.

The company has a market cap of $298.86 million, a PE ratio of -35.42 and a beta of 0.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.40 and a current ratio of 2.56. The stock’s 50-day simple moving average is $8.16 and its 200 day simple moving average is $7.66.

Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings data on Tuesday, November 5th. The communications equipment provider reported ($0.05) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.05). Allot Communications had a negative net margin of 8.26% and a negative return on equity of 6.98%. The company had revenue of $27.64 million during the quarter, compared to the consensus estimate of $27.70 million. On average, sell-side analysts predict that Allot Communications Ltd will post -0.29 EPS for the current fiscal year.

An institutional investor recently raised its position in Allot Communications stock. Cowen Prime Services LLC lifted its stake in shares of Allot Communications Ltd (NASDAQ:ALLT) by 41.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,200 shares of the communications equipment provider’s stock after purchasing an additional 2,400 shares during the quarter. Cowen Prime Services LLC’s holdings in Allot Communications were worth $59,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Allot Communications Company Profile (NASDAQ:ALLT)

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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