Allot Communications (NASDAQ:ALLT) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Allot Communications (NASDAQ:ALLT) from a buy rating to a hold rating in a report issued on Thursday morning.

Allot Communications Trading Down 7.6 %

NASDAQ ALLT opened at $5.84 on Thursday. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 0.83. Allot Communications has a 52 week low of $1.92 and a 52 week high of $9.44. The business has a 50 day moving average price of $7.27 and a 200-day moving average price of $4.87. The company has a market cap of $224.50 million, a price-to-earnings ratio of -8.98 and a beta of 1.05.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings data on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.07. The firm had revenue of $24.91 million for the quarter, compared to the consensus estimate of $24.40 million. Allot Communications had a negative net margin of 26.69% and a negative return on equity of 48.04%. As a group, equities analysts expect that Allot Communications will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC increased its stake in shares of Allot Communications Ltd (NASDAQ:ALLT) by 345.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,537 shares of the communications equipment provider’s stock after buying an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned 0.09% of Allot Communications worth $205,000 at the end of the most recent quarter. Institutional investors own 51.50% of the company’s stock.

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.