Allot Communications (NASDAQ:ALLT) Now Covered by Analysts at StockNews.com

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

An institutional investor recently raised its position in Allot Communications stock. Cowen Prime Advisors LLC grew its position in shares of Allot Communications Ltd (NASDAQ:ALLT – Get Rating) by 16.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,918 shares of the communications equipment provider’s stock after purchasing an additional 6,567 shares during the period. Cowen Prime Advisors LLC owned 0.13% of Allot Communications worth $184,000 at the end of the most recent quarter. Institutional investors own 69.49% of the company’s stock.

Allot Communications Company Profile

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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.