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

StockNews.com lowered shares of Allot Communications (NASDAQ:ALLT) from a buy rating to a hold rating in a report published on Friday morning.

Allot Communications Price Performance

Allot Communications stock opened at $9.15 on Friday. The company has a market cap of $351.74 million, a P/E ratio of -14.08 and a beta of 1.05. Allot Communications has a one year low of $1.71 and a one year high of $9.44. The business has a fifty day moving average of $6.59 and a two-hundred day moving average of $4.45. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32.

Hedge Funds Weigh In On Allot Communications

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC raised its position in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,537 shares of the communications equipment provider’s stock after purchasing 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.