StockNews.com assumed coverage on shares of Allot Communications (NASDAQ:ALLT – Get Rating) in a report issued on Thursday. The brokerage issued a hold rating on the communications equipment provider’s stock.
Other equities research analysts also recently issued research reports about the company. Northland Securities lowered their price target on Allot Communications from $19.00 to $12.00 and set an outperform rating on the stock in a research report on Wednesday, November 16th. Needham & Company LLC cut their target price on Allot Communications from $6.00 to $4.50 and set a buy rating on the stock in a research note on Wednesday, March 1st.
Allot Communications Price Performance
Shares of NASDAQ ALLT opened at $2.67 on Thursday. The stock has a fifty day simple moving average of $3.34 and a two-hundred day simple moving average of $3.67. Allot Communications has a 1-year low of $2.51 and a 1-year high of $8.67. The firm has a market cap of $99.70 million, a price-to-earnings ratio of -3.07 and a beta of 1.05. The company has a current ratio of 2.51, a quick ratio of 2.29 and a debt-to-equity ratio of 0.39.
Institutional Investors Weigh In On Allot Communications
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.
- Get a free copy of the StockNews.com research report on Allot Communications (ALLT)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Allot Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allot Communications and related companies with MarketBeat.com's FREE daily email newsletter.