Stock Traders Buy High Volume of Allot Communications Put Options (NASDAQ:ALLT)

Allot Communications Ltd (NASDAQ:ALLT) was the target of some unusual options trading activity on Thursday. Investors acquired 2,015 put options on the stock. This is an increase of approximately 134% compared to the typical volume of 861 put options.

Allot Communications Trading Up 1.4 %

NASDAQ ALLT opened at $5.92 on Friday. The stock has a market cap of $227.58 million, a P/E ratio of -9.11 and a beta of 1.05. Allot Communications has a fifty-two week low of $1.96 and a fifty-two week high of $9.44. The stock has a 50 day simple moving average of $7.27 and a two-hundred day simple moving average of $4.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32.

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

Institutional Investors Weigh In On Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC boosted its stake in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,537 shares of the communications equipment provider’s stock after buying an additional 26,778 shares during the period. FNY Investment Advisers LLC owned 0.09% of Allot Communications worth $205,000 at the end of the most recent reporting period. 51.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Allot Communications from a “buy” rating to a “hold” rating in a report on Thursday.

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.