Allot Communications (NASDAQ:ALLT) Stock Rating Upgraded by Northland Securities

Northland Securities upgraded shares of Allot Communications (NASDAQ:ALLT) from a market perform rating to an outperform rating in a research report report published on Monday, Marketbeat.com reports. The firm currently has $13.00 price target on the communications equipment provider’s stock, up from their previous price target of $2.25.

Separately, StockNews.com began coverage on Allot Communications in a research note on Monday, July 15th. They issued a buy rating for the company.

Allot Communications Trading Up 8.8 %

Shares of ALLT stock opened at $3.10 on Monday. Allot Communications has a fifty-two week low of $1.19 and a fifty-two week high of $3.41. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.10 and a current ratio of 2.43. The stock has a 50 day simple moving average of $2.54 and a two-hundred day simple moving average of $2.24. The company has a market cap of $119.17 million, a P/E ratio of -2.18 and a beta of 1.04.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings data on Wednesday, May 29th. The communications equipment provider reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.10. The company had revenue of $21.89 million during the quarter, compared to analyst estimates of $19.10 million. Allot Communications had a negative net margin of 57.45% and a negative return on equity of 88.89%. Research analysts forecast that Allot Communications will post -0.23 earnings per share for the current year.

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.