Allot Communications (NASDAQ:ALLT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Allot Communications Ltd (NASDAQ:ALLT)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.75 and traded as high as $3.75. Allot Communications shares last traded at $3.64, with a volume of 240,531 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Northland Capmk raised Allot Communications from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. StockNews.com lowered shares of Allot Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Northland Securities raised Allot Communications from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $2.25 to $13.00 in a research note on Monday, August 5th.

Allot Communications Price Performance

The business has a fifty day moving average of $3.16 and a 200 day moving average of $2.75. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.85. The firm has a market cap of $139.93 million, a P/E ratio of -3.79 and a beta of 1.04.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. Allot Communications had a negative return on equity of 67.44% and a negative net margin of 40.18%. The business had revenue of $22.16 million during the quarter, compared to the consensus estimate of $22.30 million. On average, sell-side analysts anticipate that Allot Communications Ltd will post -0.24 earnings per share 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.