Stock Traders Purchase Large Volume of Call Options on Allot (NASDAQ:ALLT)

Allot Ltd. (NASDAQ:ALLT - Get Free Report) was the recipient of unusually large options trading on Wednesday. Traders purchased 9,465 call options on the stock. This is an increase of approximately 815% compared to the average volume of 1,034 call options.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Allot from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Allot Price Performance

Allot stock traded up $0.28 during mid-day trading on Friday, hitting $9.02. 1,118,340 shares of the company were exchanged, compared to its average volume of 435,955. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.49 and a quick ratio of 2.27. The business's 50 day simple moving average is $7.40 and its two-hundred day simple moving average is $6.74. The company has a market capitalization of $356.56 million, a P/E ratio of -90.19 and a beta of 1.38. Allot has a 12-month low of $2.11 and a 12-month high of $9.44.

Hedge Funds Weigh In On Allot

A hedge fund recently bought a new stake in Allot stock. Cloud Capital Management LLC bought a new stake in shares of Allot Ltd. (NASDAQ:ALLT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 79,302 shares of the communications equipment provider's stock, valued at approximately $452,000. Cloud Capital Management LLC owned approximately 0.20% of Allot at the end of the most recent reporting period. Institutional investors and hedge funds own 51.50% of the company's stock.

About Allot

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.