In a remarkable display of market confidence, Allot Communications (NASDAQ:ALLT)’ stock has surged to a 52-week high, reaching $6.56 USD, with a market capitalization of $247 million. According to InvestingPro analysis, the RSI suggests the stock is in overbought territory, while analysts have set an ambitious price target of $13. This significant milestone underscores the company’s strong performance over the past year, which is further evidenced by an impressive 294% increase. While the company maintains healthy liquidity with a current ratio of 2.32, it reported revenues of $91.6 million but remains unprofitable over the last twelve months. Investors have rallied behind Allot, buoyed by the company’s strategic initiatives and growth prospects, propelling the stock to new heights and reflecting a robust optimism in its future trajectory. Discover 10 additional key insights about Allot with InvestingPro, including detailed valuation metrics and comprehensive financial analysis.
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