Allot Communications Ltd (NASDAQ:ALLT) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 433,300 shares, a growth of 62.7% from the August 15th total of 266,300 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 169,000 shares, the short-interest ratio is presently 2.6 days.

ALLT stock opened at $9.10 on Wednesday. The firm has a 50 day moving average price of $10.84 and a 200-day moving average price of $10.45. Allot Communications has a 52-week low of $6.44 and a 52-week high of $13.05. The company has a current ratio of 2.41, a quick ratio of 2.14 and a debt-to-equity ratio of 0.02.

Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings data on Tuesday, August 4th. The communications equipment provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Allot Communications had a negative return on equity of 7.82% and a negative net margin of 7.54%. The firm had revenue of $32.79 million during the quarter. Research analysts predict that Allot Communications will post -0.19 earnings per share for the current fiscal year.

Several analysts have commented on ALLT shares. BidaskClub upgraded shares of Allot Communications from a “strong sell” rating to a “sell” rating in a report on Thursday, September 10th. ValuEngine lowered shares of Allot Communications from a “buy” rating to a “hold” rating in a report on Thursday, July 2nd. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of Allot Communications in a report on Tuesday, August 4th. Finally, Zacks Investment Research lowered shares of Allot Communications from a “buy” rating to a “hold” rating in a report on Friday, June 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.67.

A number of hedge funds and other institutional investors have recently made changes to their positions in ALLT. Advisory Services Network LLC raised its holdings in Allot Communications by 25.6% in the 2nd quarter. Advisory Services Network LLC now owns 11,114 shares of the communications equipment provider’s stock worth $116,000 after acquiring an additional 2,266 shares during the last quarter. Cornerstone Investment Partners LLC bought a new stake in Allot Communications in the 2nd quarter worth approximately $133,000. New York State Common Retirement Fund grew its position in Allot Communications by 41.2% in the 2nd quarter. New York State Common Retirement Fund now owns 26,383 shares of the communications equipment provider’s stock worth $276,000 after purchasing an additional 7,692 shares during the period. Roubaix Capital LLC bought a new stake in Allot Communications in the 2nd quarter worth approximately $984,000. Finally, Essex Investment Management Co. LLC bought a new stake in Allot Communications in the 2nd quarter worth approximately $1,612,000. Institutional investors own 66.55% of the company’s stock.

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.

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