Allot Communications Ltd (NASDAQ:ALLT) Sees Significant Decrease in Short Interest

Allot Communications Ltd (NASDAQ:ALLT) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 33,700 shares, a decrease of 13.1% from the May 31st total of 38,800 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 68,200 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Allot Communications in a report on Saturday. They issued a “sell” rating for the company.

Allot Communications Price Performance

Shares of NASDAQ ALLT opened at $2.32 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.43 and a quick ratio of 2.10. The company has a market cap of $89.18 million, a price-to-earnings ratio of -1.63 and a beta of 1.04. The stock’s 50-day moving average is $2.15 and its two-hundred day moving average is $1.99. Allot Communications has a 1-year low of $1.19 and a 1-year high of $3.32.

Allot Communications (NASDAQ:ALLT) last released its earnings results on Wednesday, May 29th. The communications equipment provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.10. Allot Communications had a negative net margin of 57.45% and a negative return on equity of 88.89%. The firm had revenue of $21.89 million for the quarter, compared to analyst estimates of $19.10 million. Analysts forecast that Allot Communications will post -0.23 EPS for the current fiscal year.

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.