Allot Communications Ltd (NASDAQ:ALLT) Short Interest Down 13.1% in June

Allot Communications Ltd (NASDAQ:ALLT) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 33,700 shares, a decrease of 13.1% from the May 31st total of 38,800 shares. Based on an average daily trading volume, of 68,200 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Allot Communications Stock Performance

ALLT stock traded up $0.11 during trading on Tuesday, reaching $2.62. 122,264 shares of the company’s stock were exchanged, compared to its average volume of 72,270. The company has a quick ratio of 2.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.83. Allot Communications has a 1-year low of $1.19 and a 1-year high of $3.19. The company’s fifty day moving average price is $2.16 and its 200-day moving average price is $2.00. The firm has a market cap of $100.72 million, a PE ratio of -1.85 and a beta of 1.05.

Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings results on Wednesday, May 29th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.10. Allot Communications had a negative return on equity of 88.89% and a negative net margin of 57.45%. The company had revenue of $21.89 million during the quarter, compared to analyst estimates of $19.10 million. On average, research analysts expect that Allot Communications will post -0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Allot Communications in a research note on Saturday. They set a “sell” rating for the company.

Allot Communications 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.