Several other equities analysts have also weighed in on ALLT. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, April 1st. Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price for the company in a research report on Monday, July 8th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $6.87.
ALLT opened at $7.95 on Friday. The company has a market capitalization of $268.83 million, a price-to-earnings ratio of -33.13 and a beta of 0.70. The firm’s 50-day moving average is $7.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.71 and a current ratio of 2.98. Allot Communications has a fifty-two week low of $5.02 and a fifty-two week high of $8.34.
Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings results on Tuesday, May 14th. The communications equipment provider reported ($0.07) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). The company had revenue of $25.34 million during the quarter, compared to analyst estimates of $25.27 million. Allot Communications had a negative net margin of 10.12% and a negative return on equity of 5.50%. Equities analysts predict that Allot Communications will post -0.22 EPS for the current year.
A number of large investors have recently modified their holdings of ALLT. Sphera Funds Management LTD. boosted its position in Allot Communications by 62.1% during the first quarter. Sphera Funds Management LTD. now owns 965,931 shares of the communications equipment provider’s stock worth $7,669,000 after purchasing an additional 370,167 shares during the period. Norges Bank bought a new position in Allot Communications during the fourth quarter worth about $910,000. Deutsche Bank AG boosted its position in Allot Communications by 53.1% during the fourth quarter. Deutsche Bank AG now owns 219,979 shares of the communications equipment provider’s stock worth $1,335,000 after purchasing an additional 76,278 shares during the period. Finally, Jane Street Group LLC boosted its position in Allot Communications by 38.5% during the fourth quarter. Jane Street Group LLC now owns 18,136 shares of the communications equipment provider’s stock worth $110,000 after purchasing an additional 5,037 shares during the period. Hedge funds and other institutional investors own 61.30% 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.
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