Allot Communications Ltd (NASDAQ:ALLT) Short Interest Update

Allot Communications Ltd (NASDAQ:ALLT) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 506,600 shares, a growth of 27.6% from the March 31st total of 396,900 shares. Based on an average daily volume of 650,900 shares, the short-interest ratio is currently 0.8 days. Approximately 1.7% of the company’s stock are sold short.

Allot Communications Price Performance

ALLT opened at $5.86 on Friday. The firm has a market cap of $231.65 million, a PE ratio of -9.02 and a beta of 1.25. The stock has a 50-day moving average price of $5.73 and a 200-day moving average price of $5.69. Allot Communications has a 1 year low of $2.02 and a 1 year high of $9.44. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.32 and a quick ratio of 2.06.

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

Analyst Ratings Changes

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

Institutional Trading of Allot Communications

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

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.