Shares of Allot Communications Ltd (NASDAQ:ALLT – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.10 and traded as high as $5.77. Allot Communications shares last traded at $5.65, with a volume of 437,107 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Allot Communications from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th.
Read Our Latest Analysis on ALLT
Allot Communications Stock Performance
Allot Communications (NASDAQ:ALLT – Get Free Report) last issued its earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. The company had revenue of $24.91 million for the quarter, compared to analysts’ expectations of $24.40 million. Allot Communications had a negative return on equity of 48.04% and a negative net margin of 26.69%. Equities research analysts predict that Allot Communications Ltd will post -0.18 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Allot Communications
An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC grew its stake in Allot Communications Ltd (NASDAQ:ALLT – Free Report) by 345.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,537 shares of the communications equipment provider’s stock after purchasing an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned approximately 0.09% of Allot Communications worth $205,000 at the end of the most recent reporting period. 51.50% of the stock is currently owned by institutional investors and hedge funds.
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.
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