SWF player not reading file url

I have uploaded swf file and it's stored in file system but Swf Flash Player is outputing only site base url path:

<object width="640" height="360" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000">
  <param value="http://localhost/" name="movie">
  <param value="true" name="autoplay">
  <param value="transparent" name="wmode">
  <object width="640" height="360" data="http://localhost/" type="application/x-shockwave-flash" class="video-object">
    No video? Get the <a href="http://get.adobe.com/flashplayer/">Adobe Flash plugin</a>  </object>
</object>

Am I missing something?