Allot Communications Ltd. (ALLT) Trading Up 4.1%
Allot Communications Ltd. (NASDAQ:ALLT)’s share price was up 4.1% during mid-day trading on Tuesday . The stock 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.
Several equities analysts have issued reports on ALLT shares. Zacks Investment Research upgraded shares of Allot Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Barclays PLC reduced their target price on shares of Allot Communications from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Thursday, July 7th. Bank of America Corp. set a $5.00 target price on shares of Allot Communications and gave the company a “sell” rating in a report on Wednesday, August 3rd. Finally, Wunderlich cut shares of Allot Communications from a “buy” rating to a “hold” rating and reduced their target price for the company from $7.00 to $5.50 in a report on Tuesday, May 3rd. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $5.25.
The stock has a 50-day moving average of $4.87 and a 200-day moving average of $4.93. The stock’s market capitalization is $179.80 million.
Allot Communications (NASDAQ:ALLT) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $23 million for the quarter, compared to analysts’ expectations of $24.43 million. During the same period last year, the firm earned ($0.09) EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts predict 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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