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Allot Communications Ltd. (NASDAQ: ALLT) shares surged 16.96 percent to close at $13.38 a share Tuesday. The stock traded between $12.06 and $13.46 on volume of 1.05 million shares traded. The company announced it has secured orders from three of the world's top ten telecommunication operators. Shares of Allot Communications have fallen approximately 25.0 percent year-to-date.
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MeetMe Inc. (NYSEMKT: MEET) shares increased soared 63.96 percent to close at $1.82 a share Tuesday. The stock traded in between $1.17 and $1.91 on volume of 3.34 million shares traded. The company announced that it expects revenues for the second quarter to be approximately $9.0 million, an increase of 15 percent sequentially. Shares of MeetMe have fallen approximately 48.8 percent year-to-date.
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NIKE, Inc. (NYSE: NKE) shares increased 0.73 percent to close at $60.39 a share Tuesday. The stock traded between $59.95 and $60.99 on volume of 5.45 million shares traded. Analysts at Deutsche Bank have recently initiated coverage on the company with a “buy” rating and a price target of $68.00. Shares of NIKE have gained approximately 17.0 percent year-to-date.
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Under Armour Inc. (NYSE: UA) shares increased 1.45 percent to close at $57.50 a share Tuesday. The stock traded in between $56.84 and $58.01 on volume of 894,787 shares traded. . Analysts at Deutsche Bank have recently initiated coverage on the company with a “hold” rating and a price target of $60.00. Shares of Under Armour have gained approximately 18.5 percent year-to-date.
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