Allot Communications (NASDAQ:ALLT) Upgraded at StockNews.com

StockNews.com upgraded shares of Allot Communications (NASDAQ:ALLT) from a hold rating to a buy rating in a report published on Tuesday.

Allot Communications Stock Down 2.9%

ALLT stock opened at $8.06 on Tuesday. Allot Communications has a fifty-two week low of $2.02 and a fifty-two week high of $9.44. The business’s 50 day moving average price is $5.93 and its two-hundred day moving average price is $5.94. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32. The company has a market capitalization of $318.62 million, a price-to-earnings ratio of -12.40 and a beta of 1.21.

Allot Communications (NASDAQ:ALLT) last posted its earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates 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. As a group, analysts forecast that Allot Communications will post -0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ALLT. Cloud Capital Management LLC purchased a new stake in shares of Allot Communications in the 1st quarter worth approximately $452,000. FNY Investment Advisers LLC grew its stake in shares of Allot Communications by 345.1% in the 4th quarter. FNY Investment Advisers LLC now owns 34,537 shares of the communications equipment provider’s stock worth $205,000 after buying an additional 26,778 shares during the last quarter. Finally, DCF Advisers LLC purchased a new stake in shares of Allot Communications in the 1st quarter worth approximately $138,000. Hedge funds and other 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.