Allot Communications Ltd (NASDAQ:ALLT) Short Interest Down 44.4% in October

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

Wall Street Analysts Forecast Growth

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

Allot Communications Stock Performance

NASDAQ ALLT traded down $0.07 during trading hours on Friday, hitting $3.61. 26,737 shares of the company’s stock traded hands, compared to its average volume of 98,084. The business’s fifty day moving average price is $3.23 and its two-hundred day moving average price is $2.82. Allot Communications has a 52 week low of $1.19 and a 52 week high of $4.11. The firm has a market capitalization of $138.78 million, a P/E ratio of -3.83 and a beta of 1.04. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.85.

Allot Communications (NASDAQ:ALLT) last issued 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 return on equity of 67.44% and a negative net margin of 40.18%. The firm had revenue of $22.16 million for the quarter, compared to analysts’ expectations of $22.30 million. Equities research analysts predict 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.