Allot Communications (NASDAQ:ALLT) Stock Rating Upgraded by StockNews.com

Allot Communications (NASDAQ:ALLT) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Allot Communications Stock Down 2.1%

NASDAQ ALLT opened at $8.30 on Tuesday. The stock’s 50-day moving average price is $5.87 and its 200-day moving average price is $5.90. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 0.83. Allot Communications has a 52 week low of $2.02 and a 52 week high of $9.44. The company has a market capitalization of $328.11 million, a P/E ratio of -12.77 and a beta of 1.21.

Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings data on Tuesday, February 25th. The communications equipment provider reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. Allot Communications had a negative return on equity of 48.04% and a negative net margin of 26.69%. The firm had revenue of $24.91 million for the quarter, compared to the consensus estimate of $24.40 million. On average, equities research analysts predict that Allot Communications will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. DCF Advisers LLC bought a new stake in Allot Communications during the 1st quarter valued at approximately $138,000. FNY Investment Advisers LLC raised its stake in Allot Communications by 345.1% during the 4th quarter. FNY Investment Advisers LLC now owns 34,537 shares of the communications equipment provider’s stock valued at $205,000 after purchasing an additional 26,778 shares during the period. Finally, Cloud Capital Management LLC bought a new stake in Allot Communications during the 1st quarter valued at approximately $452,000. 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.