Downgrade Alert for Allot Communications (ALLT)
Allot Communications (NASDAQ:ALLT) was downgraded from Buy to Hold at Wunderlich today. The stock closed yesterday at $4.85 on volume of 537,000 shares, above average daily volume of 73,000.
There is potential upside of 30.2% for shares of Allot Communications based on a current price of $4.85 and an average consensus analyst price target of $6.31. The stock should run into initial resistance at its 50-day moving average (MA) of $5.02 and subsequent resistance at its 200-day MA of $5.21.
Allot Communications share prices have moved between a 52-week high of $8.95 and a 52-week low of $4.24 and closed yesterday at 14% above that low price at $4.85 per share. The 200-day and 50-day moving averages have moved 0.03% lower and 1.17% higher over the past week, respectively.
Allot Communications Ltd. designs and develops broadband service optimization solutions using advanced deep packet inspection (DPI) technology. The Company provides their customers with real-time highly granular visibility into network traffic and enables them to effectively manage and optimize their networks.
SmarTrend is tracking the current trend status for Allot Communications and will alert subscribers who have ALLT in their portfolio or watchlist when shares have changed trend direction.
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