Allot Communications Ltd. ( ALLT ) was a big mover last session, as its shares rose over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company since Apr 21, as the stock is now trading above the volatile price range of $12.10 to $13.35.
In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Allot Communications currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked stocks in the comp-networks industry include TIBCO Software Inc. ( TIBX ), Infinera Corporation ( INFN ) and NetScout Systems, Inc. ( NTCT ). While Infinera and NetScout carry a Zacks Rank #2 (Buy), TIBCO Software sports a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.