Allot Ltd. (NASDAQ:ALLT) Short Interest Update

Key Points

• Allot Ltd. experienced a significant increase in short interest in August, reaching 1,220,000 shares, a rise of 28.2% from July.
• Analysts have mixed ratings for Allot, with the average being a "Strong Buy", while Zacks raised its rating to "strong-buy" and Wall Street Zen downgraded it to "buy."
• Allot reported earnings of ($0.01) per share for the last quarter, beating estimates, with revenues of $24.05 million compared to expectations of $22.90 million.

Allot Ltd. (NASDAQ:ALLT - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 1,220,000 shares, agrowthof28.2% from the July 31st total of 951,900 shares. Approximately3.8% of the shares of the company are short sold. Based on an average daily volume of 672,000 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 672,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately3.8% of the shares of the company are short sold.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. William Blair assumed coverage on shares of Allot in a research report on Thursday, August 21st. They issued an "outperform" rating for the company. Zacks Research raised shares of Allot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. Finally, Wall Street Zen lowered shares of Allot from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, Allot has an average rating of "Strong Buy".

Hedge Funds Weigh In On Allot

Several institutional investors have recently made changes to their positions in ALLT. DCF Advisers LLC acquired a new stake in Allot in the 1st quarter valued at $138,000. Cloud Capital Management LLC acquired a new stake in Allot in the 1st quarter valued at $452,000. Magnetar Financial LLC acquired a new stake in Allot in the 2nd quarter valued at $173,000. Worth Venture Partners LLC acquired a new stake in Allot in the 2nd quarter valued at $359,000. Finally, Calamos Advisors LLC acquired a new stake in Allot in the 2nd quarter valued at $254,000. 51.50% of the stock is owned by hedge funds and other institutional investors.

Allot Price Performance

NASDAQ:ALLT opened at $8.73 on Tuesday. The firm has a market cap of $406.21 million, a price-to-earnings ratio of -174.60 and a beta of 1.43. The company has a 50 day moving average price of $8.11 and a 200-day moving average price of $7.26. Allot has a 1-year low of $2.75 and a 1-year high of $10.77.

Allot (NASDAQ:ALLT - Get Free Report) last posted its earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $24.05 million during the quarter, compared to analyst estimates of $22.90 million. Allot had a negative net margin of 2.12% and a positive return on equity of 0.94%. On average, sell-side analysts anticipate that Allot will post -0.18 earnings per share for the current fiscal year.

Allot 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.

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