Allot Communications Coverage Initiated by Analysts at Dougherty & Co (ALLT)
Equities research analysts at Dougherty & Co initiated coverage on shares of Allot Communications (NASDAQ:ALLT) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Allot Communications (NASDAQ:ALLT) traded up 3.91% on Wednesday, hitting $16.99. 446,676 shares of the company’s stock traded hands. Allot Communications has a 52 week low of $10.75 and a 52 week high of $16.60. The stock’s 50-day moving average is $14.36 and its 200-day moving average is $13.58. The company’s market cap is $555.7 million.
Allot Communications (NASDAQ:ALLT) last announced its earnings results on Tuesday, October 29th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.16 earnings per share. Allot Communications’s revenue was down 13.2% compared to the same quarter last year. Analysts expect that Allot Communications will post $0.10 EPS for the current fiscal year.
ALLT has been the subject of a number of other recent research reports. Analysts at Wunderlich raised their price target on shares of Allot Communications from $16.00 to $18.00 in a research note to investors on Friday, January 3rd. Separately, analysts at Zacks upgraded shares of Allot Communications from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $15.40 price target on the stock. Finally, analysts at Zacks downgraded shares of Allot Communications from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, November 6th. They now have a $12.20 price target on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Allot Communications currently has a consensus rating of “Buy” and an average price target of $16.42.
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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