Allot Communications Ltd. (ALLT) Trading Up 4.1%
Allot Communications Ltd. (NASDAQ:ALLT) shares were up 4.1% during trading on Tuesday . The company traded as high as $5.27 and last traded at $5.11, with a volume of 193,772 shares trading hands. The stock had previously closed at $4.91.
A number of research analysts have recently commented on ALLT shares. Wunderlich lowered shares of Allot Communications from a “buy” rating to a “hold” rating and cut their price objective for the company from $7.00 to $5.50 in a research report on Tuesday, May 3rd. Zacks Investment Research raised shares of Allot Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Bank of America Corp. set a $5.00 price objective on shares of Allot Communications and gave the company a “sell” rating in a research report on Wednesday, August 3rd. Finally, Barclays PLC cut their price objective on shares of Allot Communications from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Thursday, July 7th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Allot Communications has an average rating of “Hold” and a consensus target price of $5.25.
The stock has a 50-day moving average of $4.84 and a 200-day moving average of $4.93. The firm’s market capitalization is $172.15 million.
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, beating the consensus estimate of ($0.01) by $0.02. The business earned $23 million during the quarter, compared to analyst estimates of $24.43 million. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. On average, equities research analysts expect that Allot Communications Ltd. will post $0.01 EPS for the current fiscal 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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