Allot Communications Ltd (NASDAQ:ALLT) Short Interest Update

Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 55,500 shares, a drop of 15.8% from the March 15th total of 65,900 shares. Based on an average trading volume of 58,700 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Allot Communications in a research report on Wednesday. They set a "sell" rating on the stock.

Institutional Investors Weigh In On Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. Ancora Advisors LLC grew its stake in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 31.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,690 shares of the communications equipment provider's stock after purchasing an additional 34,728 shares during the period. Ancora Advisors LLC owned about 0.39% of Allot Communications worth $392,000 as of its most recent SEC filing. 51.50% of the stock is currently owned by hedge funds and other institutional investors.

Allot Communications Price Performance

Shares of ALLT traded down $0.08 during mid-day trading on Friday, hitting $2.13. The company's stock had a trading volume of 7,516 shares, compared to its average volume of 33,900. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.29 and a quick ratio of 1.99. The firm has a 50-day moving average price of $2.09 and a 200 day moving average price of $1.82. Allot Communications has a fifty-two week low of $1.19 and a fifty-two week high of $3.34. The stock has a market capitalization of $81.88 million, a price-to-earnings ratio of -1.29 and a beta of 1.02.

Allot Communications (NASDAQ:ALLT - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.27). Allot Communications had a negative return on equity of 87.18% and a negative net margin of 67.42%. The business had revenue of $24.34 million during the quarter, compared to analyst estimates of $22.40 million. On average, research analysts predict that Allot Communications will post -0.44 EPS for the current fiscal year.

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.