Allot Communications (NASDAQ:ALLT) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Allot Communications (NASDAQ:ALLT – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the communications equipment provider’s stock.

Several other research analysts have also recently weighed in on ALLT. Northland Securities lowered their target price on Allot Communications from $19.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, November 16th. Needham & Company LLC lowered their price objective on Allot Communications from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Wednesday, March 1st.

Allot Communications Stock Performance

NASDAQ:ALLT opened at $2.67 on Thursday. The company has a market cap of $99.70 million, a P/E ratio of -3.07 and a beta of 1.05. Allot Communications has a twelve month low of $2.51 and a twelve month high of $8.67. The company’s 50-day moving average price is $3.35 and its 200-day moving average price is $3.68. The company has a current ratio of 2.51, a quick ratio of 2.29 and a debt-to-equity ratio of 0.39.

Hedge Funds Weigh In On Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. Cowen Prime Advisors LLC boosted its holdings in Allot Communications Ltd (NASDAQ:ALLT – Get Rating) by 106.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,914 shares of the communications equipment provider’s stock after acquiring an additional 49,996 shares during the period. Cowen Prime Advisors LLC owned 0.26% of Allot Communications worth $333,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 69.49% of the company’s stock.

Allot Communications Company Profile

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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.