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

Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 50,900 shares, a growth of 9.2% from the September 30th total of 46,600 shares. Approximately 0.2% of the company's shares are sold short. Based on an average daily trading volume, of 130,600 shares, the short-interest ratio is currently 0.4 days.

Allot Communications Stock Down 2.6 %

ALLT traded down $0.09 during midday trading on Wednesday, hitting $3.35. The company had a trading volume of 16,017 shares, compared to its average volume of 93,475. The stock's 50 day moving average price is $3.14 and its 200 day moving average price is $2.69. Allot Communications has a 52 week low of $1.19 and a 52 week high of $3.70. The company has a market capitalization of $128.78 million, a price-to-earnings ratio of -3.49 and a beta of 1.06. 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 (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 the consensus estimate 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 company had revenue of $22.16 million during the quarter, compared to the consensus estimate of $22.30 million. On average, research analysts anticipate that Allot Communications will post -0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on ALLT shares. Northland Securities upgraded Allot Communications from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $2.25 to $13.00 in a report on Monday, August 5th. Northland Capmk raised Allot Communications from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 5th. Finally, StockNews.com lowered 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.