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

Allot Communications (NASDAQ:ALLT) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.

Allot Communications Trading Up 0.1 %

Shares of ALLT stock opened at $7.45 on Friday. The stock has a market cap of $286.38 million, a P/E ratio of -11.46 and a beta of 1.05. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $6.92 and a 200 day simple moving average of $4.61. Allot Communications has a 1 year low of $1.71 and a 1 year high of $9.44.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC raised its position in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,537 shares of the communications equipment provider’s stock after buying an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned about 0.09% of Allot Communications worth $205,000 at the end of the most recent quarter. 51.50% of the stock is owned by institutional investors.

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.