Allot Communications Ltd. (ALLT) Sees Strong Trading Volume
Shares of Allot Communications Ltd. (NASDAQ:ALLT) saw an uptick in trading volume on Thursday . 101,967 shares were traded 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.
A number of research firms recently commented on ALLT. 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. Zacks Investment Research raised shares of Allot Communications from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Wunderlich cut shares of Allot Communications from a “buy” rating to a “hold” rating and lowered their price target for the stock from $7.00 to $5.50 in a report on Tuesday, May 3rd.
The firm’s market capitalization is $164.39 million. The firm’s 50-day moving average price is $4.96 and its 200-day moving average price is $4.97.
Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.06) earnings per share for the quarter. During the same quarter in the previous year, the business posted $0.09 EPS. The business had revenue of $22.90 million for the quarter, compared to analyst estimates of $24.16 million. The business’s revenue for the quarter was down 22.4% on a year-over-year basis. Equities research analysts predict that Allot Communications Ltd. will post $0.07 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Allot Communications stock. J. Goldman & Co LP increased its position 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. The firm owned 228,564 shares of the company’s stock after buying an additional 167,575 shares during the period. J. Goldman & Co LP owned approximately 0.68% of Allot Communications worth $1,330,000 at the end of the most recent reporting period.
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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