Allot Communications (NASDAQ:ALLT) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Allot Communications Ltd (NASDAQ:ALLT)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.46 and traded as high as $5.84. Allot Communications shares last traded at $5.82, with a volume of 409,344 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Allot Communications from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Allot Communications Stock Performance

The company has a market cap of $230.07 million, a PE ratio of -8.95 and a beta of 1.25. The stock’s 50 day simple moving average is $6.23 and its two-hundred day simple moving average is $5.46. 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 (NASDAQ:ALLT) last issued its earnings results 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. Allot Communications had a negative return on equity of 48.04% and a negative net margin of 26.69%. The business had revenue of $24.91 million for the quarter, compared to analyst estimates of $24.40 million. As a group, research analysts anticipate that Allot Communications Ltd will post -0.18 earnings per share for the current year.

Institutional Trading of Allot Communications

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC raised its holdings in shares of Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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 period. FNY Investment Advisers LLC owned about 0.09% of Allot Communications worth $205,000 at the end of the most recent reporting period. 51.50% of the stock is currently 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.