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

Allot Communications (NASDAQ:ALLT) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

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

Allot Communications Stock Down 1.2 %

NASDAQ ALLT traded down $0.04 during mid-day trading on Wednesday, reaching $3.85. The stock had a trading volume of 138,216 shares, compared to its average volume of 103,505. The company has a fifty day moving average price of $3.29 and a 200 day moving average price of $2.87. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.40 and a quick ratio of 2.13. Allot Communications has a 1 year low of $1.19 and a 1 year high of $4.28. The stock has a market cap of $148.00 million, a PE ratio of -4.01 and a beta of 1.04.

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 analysts’ consensus estimates of ($0.09) by $0.01. Allot Communications had a negative return on equity of 67.44% and a negative net margin of 40.18%. The firm had revenue of $22.16 million for the quarter, compared to the consensus estimate of $22.30 million. On average, research analysts expect that Allot Communications will post -0.24 earnings per share for the current 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.