Allot Communications (NASDAQ:ALLT) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Allot Communications (NASDAQ:ALLT) in a research note issued to investors on Thursday. The firm issued a sell rating on the communications equipment provider’s stock.

Allot Communications Stock Performance

Shares of NASDAQ ALLT opened at $2.11 on Thursday. Allot Communications has a 12-month low of $1.19 and a 12-month high of $3.34. The company has a market cap of $81.11 million, a PE ratio of -1.28 and a beta of 1.02. The stock has a 50 day simple moving average of $2.12 and a 200-day simple moving average of $1.82. The company has a current ratio of 2.28, a quick ratio of 1.98 and a debt-to-equity ratio of 0.80.

Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.27). The business had revenue of $24.34 million for the quarter, compared to analyst estimates of $22.40 million. Allot Communications had a negative return on equity of 87.18% and a negative net margin of 67.42%. On average, equities research analysts forecast that Allot Communications will post -0.44 EPS for the current year.

Institutional Trading of Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. Ancora Advisors LLC lifted its stake in shares of Allot Communications Ltd (NASDAQ:ALLT) by 56.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,392 shares of the communications equipment provider’s stock after acquiring an additional 9,140 shares during the quarter. Ancora Advisors LLC owned about 0.07% of Allot Communications worth $406,000 at the end of the most recent reporting period. 51.50% of the stock is currently owned by hedge funds and other institutional investors.

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.