Allot Communications (NASDAQ:ALLT) Stock Passes Above 200-Day Moving Average of $1.82

Allot Communications Ltd (NASDAQ:ALLT) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.82 and traded as high as $2.20. Allot Communications shares last traded at $2.14, with a volume of 8,930 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Allot Communications in a research report on Friday. They set a “sell” rating for the company.

Allot Communications Stock Performance

The firm has a market capitalization of $82.27 million, a P/E ratio of -1.30 and a beta of 1.02. The company’s 50 day moving average is $2.13 and its 200-day moving average is $1.82. The company has a quick ratio of 1.98, a current ratio of 2.28 and a debt-to-equity ratio of 0.80.

Allot Communications (NASDAQ:ALLT) last issued its earnings results on Thursday, February 15th. The communications equipment provider reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.27). The company had revenue of $24.34 million for 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 anticipate that Allot Communications Ltd will post -0.44 EPS for the current year.

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.