Allot Communications Sets New 52-Week Low at $10.11 (ALLT)
Allot Communications (NASDAQ:ALLT)’s share price reached a new 52-week low on Monday , Analyst Ratings Network reports. The company traded as low as $10.11 and last traded at $10.14, with a volume of 255,313 shares traded. The stock had previously closed at $10.50.
Separately, analysts at Wunderlich cut their price target on shares of Allot Communications from $19.00 to $16.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock.
The stock’s 50-day moving average is $12.40 and its 200-day moving average is $13.75. The company’s market cap is $341.7 million.
Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.02. The company had revenue of $28.20 million for the quarter, compared to the consensus estimate of $28.78 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 33.0% on a year-over-year basis. Analysts expect that Allot Communications will post $0.30 EPS for the current fiscal year.
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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