Allot Ltd. (NASDAQ:ALLT) Short Interest Update

Allot Ltd. (NASDAQ:ALLT) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 1,220,000 shares, an increase of 28.2% from the July 31st total of 951,900 shares. Currently, 3.8% of the shares of the stock are sold short. Based on an average trading volume of 672,000 shares, the short-interest ratio is presently 1.8 days. Based on an average trading volume of 672,000 shares, the short-interest ratio is presently 1.8 days. Currently, 3.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

ALLT has been the subject of a number of analyst reports. Zacks Research upgraded shares of Allot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 27th. Wall Street Zen downgraded shares of Allot from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 24th. Finally, William Blair began coverage on shares of Allot in a research report on Thursday, August 21st. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Institutional Trading of Allot

Several large investors have recently bought and sold shares of ALLT. G2 Investment Partners Management LLC purchased a new stake in Allot during the 2nd quarter valued at about $14,175,000. QVT Financial LP grew its stake in Allot by 22.2% during the 2nd quarter. QVT Financial LP now owns 4,505,793 shares of the communications equipment provider’s stock valued at $36,598,000 after acquiring an additional 817,938 shares in the last quarter. Kanen Wealth Management LLC grew its stake in Allot by 19.6% during the 2nd quarter. Kanen Wealth Management LLC now owns 4,527,823 shares of the communications equipment provider’s stock valued at $38,713,000 after acquiring an additional 742,146 shares in the last quarter. Greenhaven Road Investment Management L.P. grew its stake in Allot by 272.0% during the 2nd quarter. Greenhaven Road Investment Management L.P. now owns 626,024 shares of the communications equipment provider’s stock valued at $5,353,000 after acquiring an additional 457,726 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in Allot during the 2nd quarter valued at about $3,164,000. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Allot Price Performance

ALLT stock opened at $8.73 on Wednesday. The stock has a market capitalization of $406.21 million, a P/E ratio of -174.60 and a beta of 1.43. The firm has a 50-day simple moving average of $8.12 and a 200-day simple moving average of $7.27. Allot has a 52 week low of $2.75 and a 52 week high of $10.77.

Allot (NASDAQ:ALLT) last released its earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Allot had a negative net margin of 2.12% and a positive return on equity of 0.94%. The business had revenue of $24.05 million during the quarter, compared to analysts’ expectations of $22.90 million. On average, analysts expect that Allot will post -0.18 earnings per share for the current year.

Allot 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.