StockNews.com assumed coverage on shares of Allot Communications (NASDAQ:ALLT – Free Report) in a report issued on Tuesday morning. The brokerage issued a sell rating on the communications equipment provider’s stock.
Allot Communications Stock Performance
Shares of NASDAQ ALLT opened at $2.20 on Tuesday. The firm has a 50 day moving average of $2.02 and a 200 day moving average of $1.81. 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 capitalization of $84.44 million, a price-to-earnings ratio of -1.33 and a beta of 1.02. Allot Communications has a 12-month low of $1.19 and a 12-month high of $3.34.
Allot Communications (NASDAQ:ALLT – Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported ($0.47) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $24.34 million for the quarter, compared to analysts’ expectations of $22.40 million. On average, research analysts anticipate that Allot Communications will post -0.44 earnings per share for the current year.
Hedge Funds Weigh In On Allot Communications
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.
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