Shares last traded at $5.25 a tad higher than the 50 day moving average of $4.95 and just above the 200 day moving average of $4.92. The 50 day moving average was up $0.30 and the 200 day average moved up $0.33. Trading volume for Allot Communications Ltd. – Ord was 18K on Thursday. Trading volume was down 48.63% under the stocks average daily volume.
Traders are feeling more bullish on the company looking at the downtick in short interest. The company had a fall in short interest between June 15, 2017 and May 31, 2017 of -4.69%. Short interest decreased from 399,300 to 380,580 over that period. The days to cover increased to 28.0 and the short interest percentage is 0.01% as of May 31.
Here are some other firms who have updated their holdings. Soros Fund Management LLC bolstered its investment by buying 80,500 shares an increase of 2.4% from 12/31/2016 to 03/31/2017. Soros Fund Management LLC now holds 3,406,666 shares worth $16,216,000. The total value of its holdings increased 1.8%. D. E. Shaw & CO., Inc. added to its holdings by buying 5,763 shares an increase of 3.5%. D. E. Shaw & CO., Inc. owns 171,715 shares with a value of $817,000. The value of the position overall is up by 2.8%.
Two Sigma Investments, Lp expanded its stake by buying 98,394 shares an increase of 780.6% in the quarter. Two Sigma Investments, Lp controls 110,999 shares valued at $528,000. The total value of its holdings increased 780.0%. As of quarter end Boothbay Fund Management, LLC had acquired 10,782 shares growing its holdings by 85.0%. The value of the company’s investment in Allot Communications Ltd. – Ord increased from $61,000 to $112,000 increasing 83.6% for the reporting period.
July 7 investment analysts at Barclays maintained a company rating of “Underweight” and lowered the price expectation to $5.00 from $6.00. On May 3 the stock rating was downgraded from “Buy” to “Hold” and a price target of $5.50 was set by analysts at Wunderlich.
On October 29 the company was set at “Buy” in a report from Wunderlich which is up from the previous “Hold” rating. On July 7 Barclays maintained a stock rating of “Underweight” but moved down the price target from $9.00 to $6.00.
Equity analyst Wunderlich lowered the price target and downgraded the stock on July 6 changing the price objective from $12.00 to $6.50 and cutting the rating from “Buy” to “Hold”. On July 6 the company was downgraded to “Hold” from “Buy” with a current price target of $6.50 in a report issued by Wunderlich.
The company is trading up since yesterday’s close of $5.17. As of the latest earnings report the EPS was $-0.26 and is estimated to be $-0.21 for the current year with 33,091,000 shares now outstanding. Analysts expect next quarter’s EPS to be $-0.03 and the next full year EPS is projected to be $-0.06.
Allot Communications Ltd. (Allot), launched on November 12, 1996, is a provider of intelligent Internet Protocol (IP) service optimization, monetization and personalization solutions for mobile, fixed and wireless broadband service providers and enterprises. Allot?s portfolio of hardware platforms and software applications uses its deep packet inspection (DPI) technology, which it refer to as Dynamic Actionable Recognition Technology (DART), to transform broadband connections or pipes into smart networks that can manage data traffic efficiently and rapidly deploy value-added services. The resulting intelligent, content-aware broadband networks enable its customers to monitor and manage IP traffic per application, subscriber, network topology and device. The Company has a global, diversified end-customer base consisting primarily of mobile and fixed service providers, cable operators, private networks, data centers, governments and enterprises, such as financial and educational institutions. In May 2012, the Company completed the acquisition of Ortiva Wireless. In September 2012, it acquired Oversi Networks..