Allot Communications Ltd (NASDAQ:ALLT) Short Interest Down 39.3% in December

Allot Communications Ltd (NASDAQ:ALLTGet Rating) was the target of a significant decrease in short interest during the month of December. As of December 30th, there was short interest totalling 115,000 shares, a decrease of 39.3% from the December 15th total of 189,500 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 221,100 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

ALLT has been the topic of a number of research analyst reports. Needham & Company LLC cut their price target on shares of Allot Communications from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, November 17th. Northland Securities cut their price target on shares of Allot Communications from $19.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 16th. Finally, began coverage on shares of Allot Communications in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Allot Communications has an average rating of “Hold” and a consensus target price of $10.25.

Hedge Funds Weigh In On Allot Communications

An institutional investor recently raised its position in Allot Communications stock. Ancora Advisors LLC boosted its holdings in Allot Communications Ltd (NASDAQ:ALLTGet Rating) by 56.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,392 shares of the communications equipment provider’s stock after acquiring an additional 9,140 shares during the quarter. Ancora Advisors LLC owned 0.07% of Allot Communications worth $406,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.

Allot Communications Price Performance

ALLT stock opened at $3.48 on Wednesday. The stock has a market capitalization of $129.93 million, a PE ratio of -4.35 and a beta of 0.94. The company’s 50-day moving average is $3.58 and its 200-day moving average is $4.17. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.52 and a quick ratio of 2.32. Allot Communications has a 1 year low of $2.75 and a 1 year high of $11.07.

Allot Communications (NASDAQ:ALLTGet Rating) last released its quarterly earnings data on Tuesday, November 15th. The communications equipment provider reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.05. The company had revenue of $25.04 million for the quarter, compared to analysts’ expectations of $24.80 million. Allot Communications had a negative net margin of 22.44% and a negative return on equity of 24.65%. Equities research analysts expect that Allot Communications will post -0.79 EPS for the current fiscal year.

Allot Communications Company Profile

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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.

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