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Allot Communications Ltd. (NASDAQ:ALLT) stock has reached a remarkable 52-week high, touching $8.73, as investors rally behind the company’s impressive performance. According to InvestingPro data, the stock is currently trading above its Fair Value, with technical indicators suggesting overbought conditions. This peak represents a significant milestone for Allot, reflecting a robust year-over-year growth that has seen the stock’s value skyrocket by an astounding 395.1%. While the company maintains a healthy current ratio of 2.32 and operates with moderate debt, InvestingPro analysis reveals negative EBITDA of -$19.52M in the last twelve months. The surge in Allot’s stock price is indicative of strong investor confidence and the company’s potential for sustained growth in the competitive tech sector. Discover 12 additional key insights about ALLT with an InvestingPro subscription, including detailed valuation metrics and growth prospects.
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