Allot Communications Ltd (NASDAQ:ALLT) Short Interest Update

Allot Communications Ltd (NASDAQ:ALLT) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 28,300 shares, a decrease of 44.4% from the October 15th total of 50,900 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 132,700 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALLT. Northland Capmk upgraded Allot Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. StockNews.com downgraded shares of Allot Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Northland Securities raised shares of Allot Communications from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $2.25 to $13.00 in a research report on Monday, August 5th.

Allot Communications Trading Down 3.8 %

NASDAQ:ALLT opened at $3.76 on Thursday. The company has a market cap of $144.53 million, a P/E ratio of -3.92 and a beta of 1.04. Allot Communications has a 1 year low of $1.19 and a 1 year high of $4.11. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.40 and a quick ratio of 2.13. The stock’s fifty day moving average price is $3.22 and its two-hundred day moving average price is $2.81.

Allot Communications (NASDAQ:ALLT) last posted its earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. Allot Communications had a negative net margin of 40.18% and a negative return on equity of 67.44%. The business had revenue of $22.16 million for the quarter, compared to analysts’ expectations of $22.30 million. As a group, analysts expect that Allot Communications will post -0.24 EPS for the current year.

About Allot Communications

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.