StockNews.com Upgrades Allot Communications (NASDAQ:ALLT) to “Buy”

StockNews.com upgraded shares of Allot Communications (NASDAQ:ALLT) from a hold rating to a buy rating in a research report released on Wednesday morning.

Other analysts have also issued reports about the company. Northland Capmk upgraded Allot Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Northland Securities upgraded Allot Communications from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $2.25 to $13.00 in a research note on Monday, August 5th.

Allot Communications Price Performance

Shares of NASDAQ:ALLT opened at $4.23 on Wednesday. The company has a market capitalization of $162.61 million, a P/E ratio of -6.51 and a beta of 1.04. The company’s 50-day moving average is $3.34 and its 200 day moving average is $2.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.13 and a current ratio of 2.32. Allot Communications has a fifty-two week low of $1.19 and a fifty-two week high of $4.55.

Allot Communications (NASDAQ:ALLT) last released its earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $22.16 million during the quarter, compared to the consensus estimate of $22.30 million. Allot Communications had a negative net margin of 26.69% and a negative return on equity of 48.04%. On average, equities research analysts forecast that Allot Communications will post -0.24 earnings per share for the current year.

About Allot Communications

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.