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Allot Communications Ltd. (NASDAQ:ALLT) shares have surged to a 52-week high, reaching a price level of $8.18, as the company continues to experience significant growth. With a market capitalization of $311.54 million and healthy liquidity shown by a current ratio of 2.32, this impressive milestone reflects a remarkable 1-year change, with the stock value climbing by an astounding 359.12%. Investors are closely monitoring Allot's performance, as the company's strategic initiatives and market position contribute to its strong upward trajectory in the competitive tech landscape. According to InvestingPro analysis, while analysts have set a price target of $13, the stock appears overvalued at current levels. The 52-week high serves as a testament to Allot's market momentum, with InvestingPro offering 12 additional investment tips for deeper analysis of this trending stock.
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