StockNews.com initiated coverage on shares of Allot Communications (NASDAQ:ALLT – Get Rating) in a research note published on Thursday. The firm issued a hold rating on the communications equipment provider’s stock.
A number of other brokerages also recently issued reports on ALLT. Northland Securities cut their price target on shares of Allot Communications from $19.00 to $12.00 and set an outperform rating for the company in a report on Wednesday, November 16th. Needham & Company LLC dropped their target price on shares of Allot Communications from $6.00 to $4.50 and set a buy rating for the company in a report on Wednesday, March 1st.
Allot Communications Stock Down 1.1 %
Shares of Allot Communications stock opened at $2.67 on Thursday. The firm has a fifty day moving average of $3.34 and a two-hundred day moving average of $3.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.29 and a current ratio of 2.51. The company has a market cap of $99.70 million, a P/E ratio of -3.07 and a beta of 1.05. Allot Communications has a one year low of $2.51 and a one year high of $8.67.
Institutional Investors Weigh In On Allot Communications
Allot Communications Company Profile
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.
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