Allot Communications (NASDAQ:ALLT) Stock Rating Upgraded by Wall Street Zen

Allot Communications (NASDAQ:ALLT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Allot Communications Stock Performance

NASDAQ ALLT opened at $7.96 on Thursday. The firm has a market cap of $314.67 million, a P/E ratio of -12.25 and a beta of 1.21. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average is $6.23 and its 200-day moving average is $6.12. Allot Communications has a 12-month low of $2.02 and a 12-month high of $9.44.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings data on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The business had revenue of $24.91 million during the quarter, compared to analyst estimates of $24.40 million. Allot Communications had a negative net margin of 26.69% and a negative return on equity of 48.04%. Sell-side analysts predict that Allot Communications will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Allot Communications stock. Cloud Capital Management LLC purchased a new stake in shares of Allot Communications Ltd (NASDAQ:ALLT) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 79,302 shares of the communications equipment provider’s stock, valued at approximately $452,000. Cloud Capital Management LLC owned 0.20% of Allot Communications as of its most recent SEC filing. Institutional investors own 51.50% of the company’s stock.

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.