Allot Communications (NASDAQ:ALLT) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Allot Communications Ltd (NASDAQ:ALLT)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.87 and traded as high as $4.12. Allot Communications shares last traded at $3.85, with a volume of 138,216 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Northland Securities upgraded shares of Allot Communications from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $2.25 to $13.00 in a research report on Monday, August 5th. StockNews.com upgraded shares of Allot Communications from a “hold” rating to a “buy” rating in a report on Wednesday. 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 1.2 %

The company has a fifty day simple moving average of $3.29 and a two-hundred day simple moving average of $2.87. The company has a market capitalization of $148.00 million, a P/E ratio of -4.01 and a beta of 1.04. 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 (NASDAQ:ALLT) last issued its quarterly earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The company had revenue of $22.16 million for the quarter, compared to the consensus estimate 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, analysts forecast that Allot Communications Ltd will post -0.24 earnings per share for the current fiscal year.

Allot Communications Company Profile

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.