Allot Communications (NASDAQ:ALLT)‘s stock had its “equal weight” rating reiterated by equities research analysts at Barclays Capital in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports. They currently have a $13.00 price objective on the stock. Barclays Capital’s price objective suggests a potential downside of 5.87% from the stock’s previous close.
Shares of Allot Communications (NASDAQ:ALLT) traded up 0.07% during mid-day trading on Wednesday, hitting $13.82. Allot Communications has a 52 week low of $10.75 and a 52 week high of $15.98. The stock’s 50-day moving average is currently $13.94. The company’s market cap is $450.0 million.
Allot Communications (NASDAQ:ALLT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.09. The company had revenue of $21.50 million for the quarter, compared to the consensus estimate of $26.34 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 19.7% on a year-over-year basis. Analysts expect that Allot Communications will post $0.33 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Pacific Crest downgraded shares of Allot Communications from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday. They now have a $16.00 price target on the stock. Separately, analysts at Oppenheimer upgraded shares of Allot Communications from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Needham & Company cut their price target on shares of Allot Communications from $21.00 to $18.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.
Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $17.00.
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.
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