Allot Communications PT Raised to $18.00 at Wunderlich (ALLT)
Research analysts at Wunderlich hoisted their price target on shares of Allot Communications (NASDAQ:ALLT) from $16.00 to $18.00 in a report released on Friday, Analyst Ratings.Net reports. Wunderlich’s target price suggests a potential upside of 18.81% from the stock’s previous close.
The analysts wrote, “scope of opportunities” has continued to develop since Allot last reported. The analyst commented, “The wave of early adopter deep packet inspection (DPI) platform investment that drove rapid growth in 2010-12 is now being augmented by feature upgrades and expansion to later adopters. We expect this to continue, along with traffic capacity upgrades with LTE volume. Also, with voice-over-LTE making traditional toll traffic (voice) yet another data application, we expect more focus on DPI-derived application/traffic management.” Wunderlich added that Allot is increasing their platform width with video optimization, steering/ load balancing, and content caching. Further, bookings have doubled to approximately 30% of total for features more related with customer revenue. Despite these gains in revenue, Robison commented that this “means longer approval/invoicing cycles that increasingly involve customer marketing oversight in addition to that of network operations.”
Other equities research analysts have also recently issued reports about 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. They now have a $15.40 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Allot Communications from $13.00 to $14.00 in a research note to investors on Friday, November 1st. They now have a “sector perform” rating on the stock. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Allot Communications presently has an average rating of “Buy” and an average target price of $16.42.
Shares of Allot Communications (NASDAQ:ALLT) traded up 0.07% during mid-day trading on Friday, hitting $15.15. The stock had a trading volume of 208,361 shares. Allot Communications has a 52 week low of $10.75 and a 52 week high of $15.98. The stock has a 50-day moving average of $13.83 and a 200-day moving average of $13.41. The company’s market cap is $495.6 million.
Allot Communications (NASDAQ:ALLT) last issued its quarterly 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.
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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