Allot Communications (NASDAQ:ALLT) Shares Cross Above Two Hundred Day Moving Average of $2.51

Allot Communications Ltd (NASDAQ:ALLT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.51 and traded as high as $3.10. Allot Communications shares last traded at $3.00, with a volume of 84,349 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ALLT shares. Northland Securities raised Allot Communications from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $2.25 to $13.00 in a research note on Monday, August 5th. StockNews.com downgraded shares of Allot Communications from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Northland Capmk upgraded shares of Allot Communications from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th.

Allot Communications Trading Down 3.5 %

The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.13 and a current ratio of 2.40. The firm has a market capitalization of $115.33 million, a P/E ratio of -2.11 and a beta of 1.07. The firm has a 50 day moving average price of $3.09 and a two-hundred day moving average price of $2.51.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $22.16 million during the quarter, compared to analyst estimates of $22.30 million. Allot Communications had a negative return on equity of 67.44% and a negative net margin of 40.18%. On average, equities research analysts expect that Allot Communications Ltd 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.