Short Interest in Allot Communications Ltd (NASDAQ:ALLT) Increases By 109.0%

Allot Communications Ltd (NASDAQ:ALLT) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 255,200 shares, an increase of 109.0% from the February 28th total of 122,100 shares. Based on an average trading volume of 904,400 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.9% of the company’s stock are sold short.

Allot Communications Stock Down 3.3 %

NASDAQ ALLT opened at $5.85 on Friday. Allot Communications has a fifty-two week low of $1.99 and a fifty-two week high of $9.44. The stock has a market cap of $231.26 million, a PE ratio of -9.00 and a beta of 1.24. 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 business has a 50 day moving average price of $7.02 and a two-hundred day moving average price of $5.26.

Allot Communications (NASDAQ:ALLT) last issued its quarterly earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The business had revenue of $24.91 million during the quarter, compared to the consensus estimate of $24.40 million. Allot Communications had a negative return on equity of 48.04% and a negative net margin of 26.69%. As a group, sell-side analysts predict that Allot Communications will post -0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut Allot Communications from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

Hedge Funds Weigh In On Allot Communications

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

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.