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

Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 28,300 shares, a decline of 44.4% from the October 15th total of 50,900 shares. Based on an average daily volume of 132,700 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company's shares are sold short.

Allot Communications Price Performance

Shares of Allot Communications stock traded down $0.25 on Wednesday, hitting $3.66. 146,710 shares of the company traded hands, compared to its average volume of 97,959. Allot Communications has a 12-month low of $1.19 and a 12-month high of $4.11. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $3.21 and a 200 day moving average price of $2.80.

Allot Communications (NASDAQ:ALLT - Get Free Report) last issued its earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. Allot Communications had a negative return on equity of 67.44% and a negative net margin of 40.18%. The firm had revenue of $22.16 million for the quarter, compared to the consensus estimate of $22.30 million. As a group, equities research analysts predict that Allot Communications will post -0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ALLT. Northland Securities raised Allot Communications from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $2.25 to $13.00 in a research report on Monday, August 5th. Northland Capmk upgraded Allot Communications from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 5th. Finally, StockNews.com downgraded 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.