Northland Capmk upgraded shares of Allot Communications (NASDAQ:ALLT – Free Report) from a hold rating to a strong-buy rating in a research note released on Monday morning, Zacks.com reports.
ALLT has been the subject of a number of other reports. Northland Securities raised shares of Allot Communications from a market perform rating to an outperform rating and lifted their price objective for the stock from $2.25 to $13.00 in a report on Monday. StockNews.com started coverage on Allot Communications in a research note on Monday, July 15th. They set a buy rating for the company.
View Our Latest Stock Analysis on ALLT
Allot Communications Price Performance
Allot Communications (NASDAQ:ALLT – Get Free Report) last issued its quarterly earnings results on Wednesday, May 29th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.10. The firm had revenue of $21.89 million during the quarter, compared to the consensus estimate of $19.10 million. Allot Communications had a negative return on equity of 88.89% and a negative net margin of 57.45%. On average, research analysts anticipate that Allot Communications will post -0.23 earnings per share for the current fiscal year.
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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