Allot Communications (NASDAQ:ALLT) Stock Price Crosses Above 200-Day Moving Average of $1.98

Shares of Allot Communications Ltd (NASDAQ:ALLT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.98 and traded as high as $2.45. Allot Communications shares last traded at $2.32, with a volume of 771,936 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Allot Communications in a research note on Saturday. They set a “sell” rating on the stock.

Allot Communications Stock Performance

The company has a current ratio of 2.43, a quick ratio of 2.10 and a debt-to-equity ratio of 0.83. The firm’s fifty day moving average is $2.15 and its 200 day moving average is $1.98. The company has a market cap of $89.18 million, a PE ratio of -1.63 and a beta of 1.04.

Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings data on Wednesday, May 29th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.10. The company had revenue of $21.89 million for the quarter, compared to analysts’ expectations of $19.10 million. Allot Communications had a negative return on equity of 88.89% and a negative net margin of 57.45%. As a group, research analysts predict that Allot Communications Ltd will post -0.23 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.