Allot Communications (NASDAQ:ALLT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Allot Communications (NASDAQ:ALLT) in a report published on Monday morning. The firm issued a sell rating on the communications equipment provider’s stock.

Allot Communications Stock Performance

NASDAQ ALLT opened at $2.25 on Monday. Allot Communications has a 1-year low of $1.19 and a 1-year high of $3.34. The company has a 50 day moving average of $1.98 and a 200-day moving average of $1.82. The company has a current ratio of 2.29, a quick ratio of 1.99 and a debt-to-equity ratio of 0.80. The firm has a market cap of $86.36 million, a price-to-earnings ratio of -1.36 and a beta of 1.02.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.27). Allot Communications had a negative net margin of 67.42% and a negative return on equity of 87.18%. The business had revenue of $24.34 million for the quarter, compared to analyst estimates of $22.40 million. On average, equities analysts forecast that Allot Communications will post -0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. Ancora Advisors LLC lifted its stake in Allot Communications Ltd (NASDAQ:ALLT) by 56.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,392 shares of the communications equipment provider’s stock after purchasing an additional 9,140 shares during the period. Ancora Advisors LLC owned 0.07% of Allot Communications worth $406,000 at the end of the most recent quarter. 51.50% of the stock is currently owned by institutional investors.

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.