Allot Communications Ltd (NASDAQ:ALLT – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.81 and traded as high as $2.29. Allot Communications shares last traded at $2.25, with a volume of 15,623 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Allot Communications in a research report on Tuesday. They issued a “sell” rating for the company.
Read Our Latest Stock Analysis on Allot Communications
Allot Communications Stock Up 7.7 %
Allot Communications (NASDAQ:ALLT – Get Free Report) last announced its earnings results on Thursday, February 15th. The communications equipment provider reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.27). Allot Communications had a negative net margin of 67.42% and a negative return on equity of 87.18%. The business had revenue of $24.34 million for the quarter, compared to the consensus estimate of $22.40 million. Equities research analysts predict that Allot Communications Ltd will post -0.44 earnings per share for the current year.
Hedge Funds Weigh In On Allot Communications
A hedge fund recently raised its stake in Allot Communications stock. Ancora Advisors LLC increased its stake in Allot Communications Ltd (NASDAQ:ALLT – Free Report) by 31.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 145,690 shares of the communications equipment provider’s stock after acquiring an additional 34,728 shares during the quarter. Ancora Advisors LLC owned approximately 0.39% of Allot Communications worth $392,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 51.50% of the company’s stock.
About Allot Communications
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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