Allot Communications (NASDAQ:ALLT) Stock Passes Above 200 Day Moving Average of $2.56

Allot Communications Ltd (NASDAQ:ALLT) 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.

Allot Communications Stock Performance

The stock has a market capitalization of $115.33 million, a price-to-earnings ratio of -2.11 and a beta of 1.07. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.85. The company has a 50 day simple moving average of $3.10 and a 200-day simple moving average of $2.56.

Allot Communications (NASDAQ:ALLT) 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.