Allot Communications (NASDAQ:ALLT) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Allot Communications (NASDAQ:ALLT) in a research report report published on Thursday. The firm issued a sell rating on the communications equipment provider’s stock.

Allot Communications Stock Down 1.0 %

Allot Communications stock opened at $2.08 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.98 and a current ratio of 2.28. Allot Communications has a one year low of $1.19 and a one year high of $3.34. The company has a 50-day simple moving average of $2.12 and a 200-day simple moving average of $1.82. The firm has a market capitalization of $79.96 million, a P/E ratio of -1.26 and a beta of 1.02.

Allot Communications (NASDAQ:ALLT) last posted its earnings results on Thursday, February 15th. The communications equipment provider reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.27). The firm had revenue of $24.34 million during the quarter, compared to the consensus estimate of $22.40 million. Allot Communications had a negative return on equity of 87.18% and a negative net margin of 67.42%. As a group, equities analysts expect that Allot Communications will post -0.44 earnings per share for the current year.

Institutional Trading of Allot Communications

An institutional investor recently raised its position in Allot Communications stock. Ancora Advisors LLC lifted its holdings in Allot Communications Ltd (NASDAQ:ALLT) by 31.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 145,690 shares of the communications equipment provider’s stock after purchasing an additional 34,728 shares during the quarter. Ancora Advisors LLC owned 0.39% of Allot Communications worth $392,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Allot Communications Company Profile

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.