Allot Communications Ltd (NASDAQ:ALLT – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 33,700 shares, a decrease of 13.1% from the May 31st total of 38,800 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 68,200 shares, the short-interest ratio is presently 0.5 days.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Allot Communications in a report on Saturday. They issued a “sell” rating for the company.
Get Our Latest Report on Allot Communications
Allot Communications Price Performance
Allot Communications (NASDAQ:ALLT – Get Free Report) last released its earnings results on Wednesday, May 29th. The communications equipment provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.10. Allot Communications had a negative net margin of 57.45% and a negative return on equity of 88.89%. The firm had revenue of $21.89 million for the quarter, compared to analyst estimates of $19.10 million. Analysts forecast that Allot Communications will post -0.23 EPS for the current fiscal year.
Allot Communications Company Profile
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.
Featured Stories
- Five stocks we like better than Allot Communications
- P/E Ratio Calculation: How to Assess Stocks
- Upwork Stock’s Outlook: Numbers Solid Despite Gen-AI Challenges
- About the Markup Calculator
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- How to Calculate Return on Investment (ROI)
- MarketBeat Week in Review – 6/24 – 6/28
Receive News & Ratings for Allot Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allot Communications and related companies with MarketBeat.com's FREE daily email newsletter.