Allot Communications PT Raised to $14.00 (ALLT)
Investment analysts at RBC Capital boosted their price objective on shares of Allot Communications (NASDAQ:ALLT) from $13.00 to $14.00 in a note issued to investors on Friday, AnalystRatings.Net reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective points to a potential upside of 5.82% from the stock’s previous close.
Allot Communications (NASDAQ:ALLT) opened at 13.23 on Friday. Allot Communications has a one year low of $10.75 and a one year high of $27.45. The stock’s 50-day moving average is $13.35 and its 200-day moving average is $12.91. The company’s market cap is $431.7 million.
Allot Communications (NASDAQ:ALLT) last released its earnings data on Tuesday, October 29th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.05 by $0.02. The company had revenue of $24.10 million for the quarter, compared to the consensus estimate of $25.59 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was down 13.2% on a year-over-year basis. On average, analysts predict that Allot Communications will post $0.10 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Allot Communications from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $14.20 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Allot Communications in a research note to investors on Wednesday, August 7th. They now have a $13.00 price target on the stock. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $16.73.
Allot Communications Ltd. (NASDAQ:ALLT) is a provider of Internet protocol (IP) service optimization solutions for mobile, digital subscriber line (DSL) and wireless broadband carriers, cable operator service providers and enterprises.
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