Allot Communications (NASDAQ:ALLT) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Allot Communications Ltd (NASDAQ:ALLT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.04 and traded as high as $8.30. Allot Communications shares last traded at $8.16, with a volume of 412,713 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Allot Communications from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th.

Allot Communications Trading Down 1.2%

The business’s 50 day moving average price is $6.05 and its two-hundred day moving average price is $6.04. The company has a market capitalization of $322.57 million, a price-to-earnings ratio of -12.55 and a beta of 1.21. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83.

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

Institutional Investors Weigh In On Allot Communications

An institutional investor recently bought a new position in Allot Communications stock. Cloud Capital Management LLC purchased a new stake in Allot Communications Ltd (NASDAQ:ALLT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 79,302 shares of the communications equipment provider’s stock, valued at approximately $452,000. Cloud Capital Management LLC owned approximately 0.20% of Allot Communications as of its most recent filing with the Securities and Exchange Commission. 51.50% of the stock is owned by institutional investors.

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.