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

Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 506,600 shares, a growth of 27.6% from the March 31st total of 396,900 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 650,900 shares, the days-to-cover ratio is presently 0.8 days.

Allot Communications Stock Down 4.5 %

Shares of NASDAQ ALLT traded down $0.27 during midday trading on Wednesday, hitting $5.72. The stock had a trading volume of 210,116 shares, compared to its average volume of 394,587. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 0.83. Allot Communications has a 52 week low of $2.02 and a 52 week high of $9.44. The company has a market cap of $226.12 million, a P/E ratio of -8.80 and a beta of 1.21. The business's 50 day moving average is $5.69 and its 200-day moving average is $5.77.

Allot Communications (NASDAQ:ALLT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. The business 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, analysts predict that Allot Communications will post -0.18 EPS for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Allot Communications

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC boosted its position in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 345.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,537 shares of the communications equipment provider's stock after buying an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned 0.09% of Allot Communications worth $205,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 51.50% of the company's stock.

Allot Communications Company Profile

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.