Stock analysts at Maxim Group lifted their price objective on shares of Allot Communications (NASDAQ:ALLT) from $16.00 to $17.00 in a report issued on Monday, ARN reports. The firm currently has a “buy” rating on the stock. Maxim Group’s target price points to a potential upside of 17.32% from the company’s current price.
A number of other firms have also recently commented on ALLT. Analysts at Northland Securities raised their price target on shares of Allot Communications from $16.00 to $18.00 in a research note to investors on Monday. Separately, analysts at Northland Capital Partners raised their price target on shares of Allot Communications from $16.00 to $18.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Clal Finance downgraded shares of Allot Communications from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, June 26th. They now have a $14.00 price target on the stock.
Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.17.
Allot Communications (NASDAQ:ALLT) opened at 14.49 on Monday. Allot Communications has a 1-year low of $10.75 and a 1-year high of $29.05. The stock’s 50-day moving average is currently $13.. The company’s market cap is $471.8 million.
Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.09. The company had revenue of $24.20 million for the quarter, compared to the consensus estimate of $27.52 million. During the same quarter last year, the company posted $0.15 earnings per share. Allot Communications’s revenue was up .0% compared to the same quarter last year. On average, analysts predict that Allot Communications will post $0.35 earnings per share for the current fiscal year.
Allot Communications Ltd. (NASDAQ:ALLT) is a provider of Internet protocol (IP) service optimization solutions for mobile, digital subscriber line (DSL) and wireless broadband carriers, cable operator service providers and enterprises.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.