NEW YORK ( TheStreet) -- Allot Communications (Nasdaq: ALLT) hit a new 52-week high Tuesday as it is currently trading at $26.98, above its previous 52-week high of $26.97 with 498,839 shares traded as of 3:55 p.m. ET. Average volume has been 545,700 shares over the past 30 days. Allot has a market cap of $833.5 million and is part of the technology sector and computer software & services industry. Shares are up 64.8% year to date as of the close of trading on Monday. Allot Communications Ltd. engages in developing, selling, and marketing Internet protocol service optimization and revenue generation solutions in Europe, the Middle East, Africa, the Americas, Asia, and Oceania. The company has a P/E ratio of 79.8, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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