Allot Communications Ltd. (ALLT) Shares Down 2.3%
Allot Communications Ltd. (NASDAQ:ALLT) shares fell 2.3% on Monday . The company traded as low as $5.38 and last traded at $5.41, with a volume of 104,406 shares. The stock had previously closed at $5.54.
A number of research firms have weighed in on ALLT. Bank of America Corp. set a $5.00 target price on shares of Allot Communications and gave the stock a “sell” rating in a research note on Wednesday, August 3rd. Wunderlich lowered shares of Allot Communications from a “buy” rating to a “hold” rating and decreased their target price for the stock from $7.00 to $5.50 in a research note on Tuesday, May 3rd. Zacks Investment Research lowered shares of Allot Communications from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Finally, Barclays PLC decreased their target price on shares of Allot Communications from $6.00 to $5.00 and set an “underweight” rating on the stock in a research note on Thursday, July 7th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $5.25.
The stock’s market cap is $180.46 million. The company’s 50 day moving average is $4.92 and its 200-day moving average is $4.93.
Allot Communications (NASDAQ:ALLT) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $23 million for the quarter, compared to analyst estimates of $24.43 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) earnings per share. On average, equities research analysts forecast that Allot Communications Ltd. will post $0.01 earnings per share for the current year.
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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