Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 49,500 shares, a drop of 10.8% from the March 31st total of 55,500 shares. Based on an average daily trading volume, of 54,400 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company's stock are sold short.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Allot Communications in a report on Friday. They issued a "sell" rating on the stock.
Read Our Latest Research Report on ALLT
Allot Communications Stock Down 1.9 %
Shares of NASDAQ:ALLT traded down $0.04 during midday trading on Monday, reaching $2.11. The company had a trading volume of 7,384 shares, compared to its average volume of 52,234. The business's 50 day moving average price is $2.14 and its 200 day moving average price is $1.82. Allot Communications has a 1-year low of $1.19 and a 1-year high of $3.34. The company has a quick ratio of 1.98, a current ratio of 2.28 and a debt-to-equity ratio of 0.80. The stock has a market cap of $81.11 million, a PE ratio of -1.28 and a beta of 1.02.
Allot Communications (NASDAQ:ALLT - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The communications equipment provider reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $24.34 million for the quarter, compared to the consensus estimate of $22.40 million. Research analysts forecast that Allot Communications will post -0.44 EPS for the current fiscal year.
About Allot Communications
(
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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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