Equities research analysts at Northland Securities initiated coverage on shares of Allot Communications (NASDAQ: ALLT) in a research note issued to investors on Wednesday. They set an ?outperform? rating and a $14.00 price target on the stock.
Separately, analysts at Zacks Investment Research downgraded shares of Allot Communications from an ?outperform? rating to a ?neutral? rating in a research note to investors on Wednesday, October 5th. Analysts at Wedbush initiated coverage on shares of Allot Communications in a research note to investors on Friday, September 9th. They set an ?outperform? rating and a $16.00 price target on the stock.
Allot Communications Ltd. (Allot) is a provider of Internet protocol (IP) service optimization solutions for mobile, digital subscriber line (DSL) and wireless broadband carriers, cable operator service providers and enterprises. The Company?s portfolio of hardware platforms and software applications utilizes deep packet inspection (DPI) technology to transform broadband pipes into smart networks that can manage data over mobile and wireline networks and deploy value added Internet services. Its scalable, carrier-grade solutions provide the visibility, security, application control and subscriber management that are important to managing Internet service delivery, guaranteeing quality of experience (QoE).
Shares of Allot Communications traded up 4.81% during mid-day trading on Wednesday, hitting $11.76. Allot Communications has a 52 week low of $6.24 and a 52 week high of $19.15. The stock?s 50-day moving average is $11.58 and its 200-day moving average is $14.22. The company has a market cap of $285.1 million and a price-to-earnings ratio of 52.43.
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