Allot Communications Ltd (NASDAQ:ALLT) Short Interest Update

Allot Communications Ltd (NASDAQ:ALLT) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 28,300 shares, a decrease of 44.4% from the October 15th total of 50,900 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 132,700 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Northland Capmk raised Allot Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. StockNews.com lowered shares of Allot Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Northland Securities raised shares of Allot Communications from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $2.25 to $13.00 in a research note on Monday, August 5th.

Allot Communications Stock Down 3.8 %

Shares of Allot Communications stock opened at $3.76 on Thursday. The company has a 50-day simple moving average of $3.22 and a two-hundred day simple moving average of $2.81. The stock has a market capitalization of $144.53 million, a PE ratio of -3.92 and a beta of 1.04. Allot Communications has a 52-week low of $1.19 and a 52-week high of $4.11. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.13 and a current ratio of 2.40.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings data on Tuesday, August 27th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The business had revenue of $22.16 million for the quarter, compared to analysts’ expectations of $22.30 million. Allot Communications had a negative return on equity of 67.44% and a negative net margin of 40.18%. On average, analysts anticipate that Allot Communications will post -0.24 EPS for the current fiscal year.

About Allot Communications

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.