Allot Communications Ltd (NASDAQ:ALLT) Short Interest Up 36.7% in September

Allot Communications Ltd (NASDAQ:ALLT) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 46,600 shares, a growth of 36.7% from the September 15th total of 34,100 shares. Based on an average daily volume of 137,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Allot Communications Stock Up 3.8 %

NASDAQ ALLT opened at $3.02 on Tuesday. The stock has a 50 day moving average price of $3.09 and a 200-day moving average price of $2.61. Allot Communications has a one year low of $1.19 and a one year high of $3.62. The company has a market capitalization of $116.09 million, a P/E ratio of -2.13 and a beta of 1.06. 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 issued its quarterly earnings data on Tuesday, August 27th. The communications equipment provider reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $22.16 million during the quarter, compared to analysts’ expectations of $22.30 million. Allot Communications had a negative net margin of 40.18% and a negative return on equity of 67.44%. As a group, equities analysts predict that Allot Communications will post -0.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on ALLT. Northland Capmk upgraded Allot Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Northland Securities raised shares of Allot Communications from a “market perform” rating to an “outperform” rating and raised their target price for the company from $2.25 to $13.00 in a research note on Monday, August 5th. Finally, StockNews.com cut shares of Allot Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th.

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.