Allot Communications Target of Unusually High Options Trading (NASDAQ:ALLT)

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Allot Communications Ltd (NASDAQ:ALLT) was the target of unusually large options trading activity on Tuesday. Investors purchased 2,961 put options on the company. This represents an increase of 1,673% compared to the typical daily volume of 167 put options.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Allot Communications from a “sell” rating to a “hold” rating in a research report on Thursday, November 5th. Needham & Company LLC raised their target price on shares of Allot Communications from $15.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, February 10th.

Shares of NASDAQ ALLT traded down $0.19 during mid-day trading on Wednesday, hitting $15.83. 12,934 shares of the company were exchanged, compared to its average volume of 565,914. The stock has a 50 day simple moving average of $13.46 and a 200-day simple moving average of $11.04. Allot Communications has a 1-year low of $6.44 and a 1-year high of $17.37. The firm has a market cap of $557.42 million, a price-to-earnings ratio of -59.33 and a beta of 0.72.

Allot Communications (NASDAQ:ALLT) last issued its quarterly earnings results on Monday, February 8th. The communications equipment provider reported $0.01 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. Allot Communications had a negative return on equity of 7.71% and a negative net margin of 7.34%. On average, equities analysts anticipate that Allot Communications will post -0.24 EPS for the current year.

An institutional investor recently bought a new position in Allot Communications stock. Cornerstone Investment Partners LLC purchased a new position in shares of Allot Communications Ltd (NASDAQ:ALLT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,385 shares of the communications equipment provider’s stock, valued at approximately $183,000. Hedge funds and other institutional investors own 67.67% 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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