Allot Communications Ltd (NASDAQ:ALLT) Short Interest Update

Allot Communications Ltd (NASDAQ:ALLT) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 50,900 shares, an increase of 9.2% from the September 30th total of 46,600 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 130,600 shares, the days-to-cover ratio is presently 0.4 days.

Allot Communications Price Performance

ALLT opened at $3.44 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.85. Allot Communications has a 52-week low of $1.19 and a 52-week high of $3.70. The company has a 50 day moving average of $3.14 and a two-hundred day moving average of $2.70. The company has a market cap of $132.24 million, a P/E ratio of -3.58 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

ALLT has been the subject of a number of recent analyst reports. Northland Capmk upgraded shares of Allot Communications from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Northland Securities upgraded shares of Allot Communications from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $2.25 to $13.00 in a report on Monday, August 5th. Finally, StockNews.com downgraded shares of Allot Communications from a “buy” rating to a “hold” rating in a report 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.