Positive Media Coverage Somewhat Unlikely to Impact Allot Communications (ALLT) Stock Price
Media coverage about Allot Communications (NASDAQ:ALLT) has been trending positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Allot Communications earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 46.1308392689922 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered Allot Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Bank of America raised Allot Communications from an “underperform” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, BidaskClub lowered Allot Communications from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold”.
Allot Communications (ALLT) traded down $0.05 during trading hours on Friday, reaching $5.41. The company’s stock had a trading volume of 6,805 shares, compared to its average volume of 56,477. Allot Communications has a 1 year low of $4.54 and a 1 year high of $6.09. The firm has a market capitalization of $180.84, a price-to-earnings ratio of -10.02 and a beta of 0.51.
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Allot Communications Company Profile
Allot Communications Ltd. (Allot) is a global provider of security and monetization solutions that enable mobile, fixed and enterprise service providers to protect and personalize the digital experience. The Company has a global and diverse customer base composed of mobile and fixed broadband service providers, cable operators, private networks, data centers, governments and enterprises, such as financial and educational institutions.
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