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Allot Communications Shares Sinking Lower, Down 3.7%

Published on Thu, 03/28/2013 - 12:15
By Robert Cotter

Down 3.7% to $11.95, Allot Communications (NASDAQ:ALLT), is one of today's notable movers. The S&P is currently trading 0.2% higher to 1,566 and the Dow Jones Industrial Average is trading 0.3% higher to 14,563.

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.

Allot Communications share prices have moved between a 52-week high of $29.05 and the current low of $11.91 and are currently at $11.95 per share. The 200-day and 50-day moving averages have moved 0.91% lower and 0.46% lower over the past week, respectively.

Allot Communications has overhead space with shares priced $11.95, or 41.1% below the average consensus analyst price target of $20.30. The stock should run into initial resistance at its 50-day moving average (MA) of $13.83 and subsequent resistance at its 200-day MA of $20.97.

By Robert Cotter