Allot Communications Ltd (NASDAQ:ALLT – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.56 and traded as high as $3.07. Allot Communications shares last traded at $3.00, with a volume of 52,886 shares trading hands.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on ALLT. StockNews.com cut shares of Allot Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Northland Capmk raised Allot Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Northland Securities raised shares of Allot Communications from a “market perform” rating to an “outperform” rating and increased their target price for the company from $2.25 to $13.00 in a research report on Monday, August 5th.
Check Out Our Latest Stock Report on Allot Communications
Allot Communications Stock Performance
Allot Communications (NASDAQ:ALLT – Get Free Report) last issued its earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. Allot Communications had a negative net margin of 40.18% and a negative return on equity of 67.44%. The business had revenue of $22.16 million for the quarter, compared to analyst estimates of $22.30 million. As a group, 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.
Featured Articles
- Five stocks we like better than Allot Communications
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Why Lennar Stock Could Be the Best Play in the Housing Market
- What is the Dow Jones Industrial Average (DJIA)?
- 2 Energy Stocks Fueling the AI Datacenter Boom
- Buy P&G Now, Before It Sets A New All-Time High
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Receive News & Ratings for Allot Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allot Communications and related companies with MarketBeat.com's FREE daily email newsletter.