Allot Communications Ltd (NASDAQ:ALLT) Short Interest Update

Allot Communications Ltd (NASDAQ:ALLT) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 44,200 shares, an increase of 56.2% from the October 31st total of 28,300 shares. Based on an average daily volume of 171,700 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ALLT. Northland Securities upgraded Allot Communications from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $2.25 to $13.00 in a report on Monday, August 5th. Northland Capmk upgraded shares of Allot Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Finally, StockNews.com raised shares of Allot Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

Allot Communications Price Performance

ALLT stock opened at $4.40 on Friday. The company has a market capitalization of $169.14 million, a PE ratio of -6.77 and a beta of 1.04. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average is $3.42 and its two-hundred day moving average is $2.95. Allot Communications has a 52-week low of $1.19 and a 52-week high of $4.77.

Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings data on Tuesday, August 27th. The communications equipment provider reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $22.16 million for the quarter, compared to the consensus estimate of $22.30 million. Allot Communications had a negative net margin of 26.69% and a negative return on equity of 48.04%. Analysts predict that Allot Communications will post -0.18 earnings per share 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.