Allot Communications (NASDAQ:ALLT) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Allot Communications (NASDAQ:ALLT) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the communications equipment provider’s stock.

Allot Communications Trading Down 1.0 %

Shares of NASDAQ ALLT opened at $2.08 on Thursday. The stock has a market capitalization of $79.96 million, a P/E ratio of -1.26 and a beta of 1.02. The stock’s 50 day moving average price is $2.12 and its two-hundred day moving average price is $1.82. The company has a quick ratio of 1.98, a current ratio of 2.28 and a debt-to-equity ratio of 0.80. Allot Communications has a 52-week low of $1.19 and a 52-week high of $3.34.

Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.27). The firm had revenue of $24.34 million for the quarter, compared to analyst estimates of $22.40 million. Allot Communications had a negative net margin of 67.42% and a negative return on equity of 87.18%. On average, analysts anticipate that Allot Communications will post -0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Allot Communications stock. Ancora Advisors LLC boosted its holdings in Allot Communications Ltd (NASDAQ:ALLT) by 31.3% during the first quarter, according to its most recent Form 13F 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 period. Ancora Advisors LLC owned about 0.39% of Allot Communications worth $392,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.