Allot Communications Ltd (NASDAQ:ALLT) Short Interest Update

Allot Communications Ltd (NASDAQ:ALLT) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 46,600 shares, a growth of 36.7% from the September 15th total of 34,100 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 137,700 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ALLT shares. StockNews.com lowered shares of Allot Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Northland Capmk raised shares of Allot Communications from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Northland Securities raised shares of Allot Communications from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $2.25 to $13.00 in a report on Monday, August 5th.

Allot Communications Trading Up 4.3 %

Shares of ALLT opened at $2.91 on Friday. Allot Communications has a fifty-two week low of $1.19 and a fifty-two week high of $3.62. The business has a 50-day moving average of $3.08 and a 200 day moving average of $2.60. The firm has a market cap of $111.86 million, a P/E ratio of -3.03 and a beta of 1.06. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.13 and a current ratio of 2.40.

Allot Communications (NASDAQ:ALLT) last issued its earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $22.16 million during the quarter, compared to analyst estimates of $22.30 million. As a group, research analysts forecast that Allot Communications will post -0.24 EPS for the current 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.