Shares of Allot Communications Ltd. (NASDAQ:ALLT) saw an uptick in trading volume on Monday . 141,565 shares were traded during mid-day trading, an increase of 73% from the previous session’s volume of 81,952 shares.The stock last traded at $5.16 and had previously closed at $5.05.

Several analysts have weighed in on ALLT shares. Bank of America Corp. set a $5.00 target price on shares of Allot Communications and gave the company a “sell” rating in a research note on Wednesday, August 3rd. Barclays PLC lowered their target price on shares of Allot Communications from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Thursday, July 7th. Finally, Zacks Investment Research upgraded shares of Allot Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th.

The firm’s 50 day moving average is $5.13 and its 200-day moving average is $5.03. The firm’s market capitalization is $171.49 million.

Allot Communications (NASDAQ:ALLT) last announced its 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 earned $23 million during the quarter, compared to analysts’ expectations of $24.43 million. Allot Communications had a negative return on equity of 4.76% and a negative net margin of 20.37%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.09) earnings per share. Equities research analysts forecast that Allot Communications Ltd. will post $0.01 EPS for the current year.

Large investors have recently made changes to their positions in the company. Granahan Investment Management Inc. MA boosted its stake in shares of Allot Communications by 6.7% in the first quarter. Granahan Investment Management Inc. MA now owns 1,133,924 shares of the company’s stock worth $5,930,000 after buying an additional 70,940 shares during the last quarter. Spark Investment Management LLC boosted its stake in shares of Allot Communications by 108.9% in the first quarter. Spark Investment Management LLC now owns 86,900 shares of the company’s stock worth $454,000 after buying an additional 45,300 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Allot Communications by 39.8% in the first quarter. Renaissance Technologies LLC now owns 420,400 shares of the company’s stock worth $2,199,000 after buying an additional 119,600 shares during the last quarter. United Services Automobile Association boosted its stake in shares of Allot Communications by 14.4% in the second quarter. United Services Automobile Association now owns 174,700 shares of the company’s stock worth $860,000 after buying an additional 22,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Allot Communications by 22.8% in the second quarter. Vanguard Group Inc. now owns 487,694 shares of the company’s stock worth $2,399,000 after buying an additional 90,689 shares during the last quarter. 45.93% of the stock is owned by hedge funds and other institutional investors.

About Allot Communications

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.

5 Day Chart for NASDAQ:ALLT

Receive News & Ratings for Allot Communications Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allot Communications Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.