Shares of Allot Communications Ltd. (NASDAQ:ALLT) saw unusually-high trading volume on Thursday . Approximately 101,967 shares traded hands during mid-day trading, an increase of 24% from the previous session’s volume of 82,337 shares.The stock last traded at $4.86 and had previously closed at $4.90.

ALLT has been the topic of several research analyst reports. Zacks Investment Research raised shares of Allot Communications from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Barclays PLC lowered their price target on shares of Allot Communications from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, July 7th. Finally, Wunderlich cut shares of Allot Communications from a “buy” rating to a “hold” rating and lowered their price target for the company from $7.00 to $5.50 in a report on Tuesday, May 3rd.

The company has a 50-day moving average price of $4.97 and a 200 day moving average price of $4.98. The firm’s market cap is $162.72 million.

Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $22.90 million for the quarter, compared to the consensus estimate of $24.16 million. The firm’s revenue for the quarter was down 22.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 earnings per share. Equities research analysts forecast that Allot Communications Ltd. will post $0.07 EPS for the current year.

A hedge fund recently raised its stake in Allot Communications stock. J. Goldman & Co LP raised its stake in shares of Allot Communications Ltd. (NASDAQ:ALLT) by 274.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,564 shares of the company’s stock after buying an additional 167,575 shares during the period. J. Goldman & Co LP owned about 0.68% of Allot Communications worth $1,330,000 as of its most recent SEC filing.

Allot Communications Ltd. (Allot) is a global provider of broadband solutions. The Company is focused on developing mobile, fixed and enterprise networks to support the digital lifestyle. Its solutions are based on its deep packet inspection (DPI) technology, identify and leverage the business intelligence in data networks.

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