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

Allot Communications (NASDAQ:ALLT) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

ALLT has been the topic of several other research reports. Northland Securities upgraded shares of Allot Communications from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $2.25 to $13.00 in a report on Monday, August 5th. Northland Capmk upgraded shares of Allot Communications from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th.

Allot Communications Stock Performance

ALLT stock opened at $4.36 on Wednesday. The firm has a market cap of $167.74 million, a price-to-earnings ratio of -6.71 and a beta of 1.04. The firm has a 50-day simple moving average of $3.31 and a two-hundred day simple moving average of $2.88. Allot Communications has a one year low of $1.19 and a one year high of $4.55. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.13 and a current ratio of 2.40.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) EPS for the quarter, beating the consensus estimate 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 net margin of 26.69% and a negative return on equity of 47.95%. On average, equities analysts forecast that Allot Communications will post -0.24 EPS 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.