Allot Communications (NASDAQ:ALLT) Upgraded to Strong-Buy by Northland Capmk

Northland Capmk upgraded shares of Allot Communications (NASDAQ:ALLT) 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.

Allot Communications Price Performance

NASDAQ:ALLT traded up $0.22 during trading hours on Monday, hitting $2.82. 151,166 shares of the company’s stock traded hands, compared to its average volume of 81,728. Allot Communications has a 52 week low of $1.19 and a 52 week high of $3.41. The business’s fifty day simple moving average is $2.50 and its two-hundred day simple moving average is $2.22. The company has a quick ratio of 2.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.83. The firm has a market cap of $108.41 million, a P/E ratio of -1.97 and a beta of 1.04.

Allot Communications (NASDAQ:ALLT) 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.