Allot Communications Sees Unusually High Options Volume (NASDAQ:ALLT)

Allot Communications Ltd (NASDAQ:ALLT) was the target of some unusual options trading on Thursday. Stock traders bought 2,015 put options on the company. This is an increase of approximately 134% compared to the average volume of 861 put options.

Allot Communications Stock Down 7.6 %

Shares of NASDAQ:ALLT opened at $5.84 on Friday. The stock’s 50-day moving average price is $7.27 and its 200-day moving average price is $4.87. Allot Communications has a 12-month low of $1.92 and a 12-month high of $9.44. The stock has a market capitalization of $224.50 million, a P/E ratio of -8.98 and a beta of 1.05. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83.

Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings data on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. Allot Communications had a negative return on equity of 48.04% and a negative net margin of 26.69%. The firm had revenue of $24.91 million for the quarter, compared to analysts’ expectations of $24.40 million. On average, equities analysts anticipate that Allot Communications will post -0.18 earnings per share for the current year.

Institutional Trading of Allot Communications

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC raised its position in shares of Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,537 shares of the communications equipment provider’s stock after acquiring an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned approximately 0.09% of Allot Communications worth $205,000 at the end of the most recent quarter. 51.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Allot Communications from a “buy” rating to a “hold” rating in a research note on Thursday.

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.