In a remarkable display of market confidence, Allot Communications (NASDAQ:ALLT)' stock has surged to a 52-week high of $4.77, with InvestingPro data showing the stock currently trading near Fair Value. According to analyst consensus on InvestingPro, the stock has significant upside potential with a price target of $13. This peak represents a significant milestone for the company, reflecting a robust period of growth and investor optimism. The stock has delivered remarkable returns, with InvestingPro data showing a 228.57% gain over the past year and an impressive 104.21% surge in the last six months. While the company maintains a healthy current ratio of 2.32 and operates with moderate debt levels, investors should note that analysts don't anticipate profitability this year. The company's strategic initiatives and market position have evidently resonated with investors, propelling the stock to new heights and marking a noteworthy moment in Allot's financial trajectory. Discover more insights and 8 additional ProTips for ALLT on InvestingPro.
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