Allot Communications (NASDAQ:ALLT) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Allot Communications (NASDAQ:ALLT) in a note issued to investors on Thursday. The firm set a “sell” rating on the communications equipment provider’s stock.

Allot Communications Price Performance

Allot Communications stock opened at $2.08 on Thursday. The stock has a market cap of $79.96 million, a price-to-earnings ratio of -1.26 and a beta of 1.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.28 and a quick ratio of 1.98. Allot Communications has a 1 year low of $1.19 and a 1 year high of $3.34. The firm has a 50-day moving average of $2.11 and a two-hundred day moving average of $1.82.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings data on Thursday, February 15th. The communications equipment provider reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.27). The company had revenue of $24.34 million during the quarter, compared to analysts’ expectations of $22.40 million. Allot Communications had a negative net margin of 67.42% and a negative return on equity of 87.18%. On average, research analysts forecast that Allot Communications will post -0.44 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Allot Communications stock. Ancora Advisors LLC increased its position in shares of Allot Communications Ltd (NASDAQ:ALLT) by 31.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,690 shares of the communications equipment provider’s stock after acquiring an additional 34,728 shares during the quarter. Ancora Advisors LLC owned about 0.39% of Allot Communications worth $392,000 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.