Allot Communications Ltd (NASDAQ:ALLT) Short Interest Down 39.3% in December

Allot Communications Ltd (NASDAQ:ALLT – Get Rating) was the recipient of a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 115,000 shares, a drop of 39.3% from the December 15th total of 189,500 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 221,100 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Allot Communications stock. Cowen Prime Advisors LLC increased its holdings in Allot Communications Ltd (NASDAQ:ALLT – Get Rating) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,918 shares of the communications equipment provider’s stock after buying an additional 6,567 shares during the period. Cowen Prime Advisors LLC owned 0.13% of Allot Communications worth $184,000 as of its most recent SEC filing. Institutional investors and hedge funds own 69.49% of the company’s stock.

Analysts Set New Price Targets

ALLT has been the subject of several analyst reports. StockNews.com started coverage on shares of Allot Communications in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Needham & Company LLC decreased their price target on shares of Allot Communications from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Thursday, November 17th. Finally, Northland Securities decreased their price target on shares of Allot Communications from $19.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Allot Communications presently has a consensus rating of “Hold” and an average target price of $10.25.

Allot Communications Stock Up 1.2 %

ALLT opened at $3.48 on Wednesday. The company has a 50 day moving average of $3.58 and a 200 day moving average of $4.17. The company has a market cap of $129.93 million, a PE ratio of -4.35 and a beta of 0.94. Allot Communications has a 12 month low of $2.75 and a 12 month high of $11.07. The company has a current ratio of 2.52, a quick ratio of 2.32 and a debt-to-equity ratio of 0.38.

Allot Communications (NASDAQ:ALLT – Get Rating) last released its quarterly earnings data on Tuesday, November 15th. The communications equipment provider reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.05. The company had revenue of $25.04 million during the quarter, compared to the consensus estimate of $24.80 million. Allot Communications had a negative net margin of 22.44% and a negative return on equity of 24.65%. On average, sell-side analysts expect that Allot Communications will post -0.79 EPS for the current 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.