BidaskClub upgraded shares of Allot Communications (NASDAQ:ALLT) from a hold rating to a buy rating in a research note issued to investors on Saturday, BidAskClub reports.

Other equities research analysts have also issued reports about the company. Zacks Investment Research raised Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price for the company in a research report on Monday, July 8th. ValuEngine raised Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, April 1st. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $6.87.

Shares of Allot Communications stock opened at $7.93 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.71 and a current ratio of 2.98. The company has a market capitalization of $268.80 million, a P/E ratio of -33.04 and a beta of 0.70. The company’s 50 day simple moving average is $7.30. Allot Communications has a 52 week low of $5.02 and a 52 week high of $8.34.

Allot Communications (NASDAQ:ALLT) last released its earnings results on Tuesday, May 14th. The communications equipment provider reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The firm had revenue of $25.34 million for the quarter, compared to analysts’ expectations of $25.27 million. Allot Communications had a negative return on equity of 5.50% and a negative net margin of 10.12%. On average, equities analysts predict that Allot Communications will post -0.22 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its holdings in Allot Communications by 38.5% in the fourth quarter. Jane Street Group LLC now owns 18,136 shares of the communications equipment provider’s stock valued at $110,000 after purchasing an additional 5,037 shares during the period. Deutsche Bank AG grew its holdings in shares of Allot Communications by 53.1% during the fourth quarter. Deutsche Bank AG now owns 219,979 shares of the communications equipment provider’s stock worth $1,335,000 after buying an additional 76,278 shares during the last quarter. Norges Bank purchased a new position in shares of Allot Communications during the fourth quarter worth about $910,000. Finally, Sphera Funds Management LTD. grew its holdings in shares of Allot Communications by 62.1% during the first quarter. Sphera Funds Management LTD. now owns 965,931 shares of the communications equipment provider’s stock worth $7,669,000 after buying an additional 370,167 shares during the last quarter. Hedge funds and other institutional investors own 61.30% 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.

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