Allot Communications Ltd (NASDAQ:ALLT) Short Interest Update

Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 396,900 shares, a growth of 55.5% from the March 15th total of 255,200 shares. Based on an average trading volume of 846,400 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.4% of the shares of the stock are short sold.

Institutional Trading of Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC boosted its holdings in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 345.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,537 shares of the communications equipment provider's stock after purchasing an additional 26,778 shares during the period. FNY Investment Advisers LLC owned 0.09% of Allot Communications worth $205,000 as of its most recent SEC filing. Institutional investors own 51.50% of the company's stock.

Allot Communications Stock Performance

Allot Communications stock traded up $0.26 during trading hours on Tuesday, reaching $5.64. 118,257 shares of the company were exchanged, compared to its average volume of 384,973. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average of $5.93 and a 200 day moving average of $5.56. The firm has a market cap of $222.95 million, a price-to-earnings ratio of -8.72 and a beta of 1.25. Allot Communications has a 12 month low of $1.99 and a 12 month high of $9.44.

Allot Communications (NASDAQ:ALLT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The communications equipment provider reported $0.02 EPS for the quarter, topping 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%. As a group, research analysts anticipate that Allot Communications will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Allot Communications from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

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.