Allot Communications (NASDAQ:ALLT) Price Target Cut to $6.00

Allot Communications (NASDAQ:ALLTGet Rating) had its target price lowered by equities research analysts at Needham & Company LLC from $6.50 to $6.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the communications equipment provider’s stock. Needham & Company LLC’s price target would indicate a potential upside of 38.89% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Northland Securities lowered their price objective on shares of Allot Communications from $19.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com started coverage on shares of Allot Communications in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Allot Communications presently has a consensus rating of “Hold” and an average target price of $10.25.

Allot Communications Stock Performance

ALLT opened at $4.32 on Thursday. The company has a current ratio of 2.52, a quick ratio of 2.61 and a debt-to-equity ratio of 0.38. The company’s fifty day moving average price is $4.02 and its two-hundred day moving average price is $4.74. Allot Communications has a 1-year low of $3.47 and a 1-year high of $13.23. The company has a market cap of $157.64 million, a price-to-earnings ratio of -5.40 and a beta of 0.97.

Allot Communications (NASDAQ:ALLTGet Rating) last released its quarterly earnings data on Tuesday, August 16th. The communications equipment provider reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.14. Allot Communications had a negative net margin of 22.44% and a negative return on equity of 24.65%. The firm had revenue of $32.77 million for the quarter, compared to the consensus estimate of $32.60 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. On average, analysts expect that Allot Communications will post -0.89 EPS for the current fiscal year.

Institutional Trading of Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. Cowen Prime Advisors LLC lifted its position in Allot Communications Ltd (NASDAQ:ALLTGet Rating) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,918 shares of the communications equipment provider’s stock after acquiring an additional 6,567 shares during the quarter. Cowen Prime Advisors LLC owned approximately 0.13% of Allot Communications worth $184,000 at the end of the most recent reporting period. Institutional investors own 74.92% of the company’s stock.

About Allot Communications

(Get Rating)

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.

Further Reading

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