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

StockNews.com cut shares of Allot Communications (NASDAQ:ALLT) from a buy rating to a hold rating in a research note published on Thursday.

Allot Communications Stock Down 7.6 %

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

Allot Communications (NASDAQ:ALLT) last announced its earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. The business had revenue of $24.91 million during 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%. Equities analysts predict that Allot Communications will post -0.18 EPS for the current year.

Institutional Investors Weigh In On Allot Communications

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC increased its stake in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,537 shares of the communications equipment provider’s stock after acquiring 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 reporting period. 51.50% of the stock is owned by institutional investors and hedge funds.

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.