Allot Communications Ltd. (NASDAQ:ALLT) issued its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. Allot Communications had a negative return on equity of 4.29% and a negative net margin of 20.94%. The business had revenue of $23.50 million for the quarter, compared to the consensus estimate of $21.61 million. During the same period last year, the business earned $0.02 EPS. The firm’s revenue was down 8.6% compared to the same quarter last year.
Allot Communications (NASDAQ:ALLT) opened at 4.85 on Thursday. Allot Communications has a 12 month low of $4.24 and a 12 month high of $5.67. The firm has a 50-day moving average price of $5.10 and a 200 day moving average price of $5.07. The company’s market capitalization is $160.11 million.
A number of research analysts recently weighed in on the company. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Allot Communications in a research note on Tuesday. Zacks Investment Research raised Allot Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $5.00 price objective on shares of Allot Communications in a research note on Wednesday, January 4th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Allot Communications has a consensus rating of “Hold” and an average target price of $5.13.
About Allot Communications
Allot Communications Ltd. (Allot) is a global provider of security and monetization solutions that enable mobile, fixed and enterprise service providers to protect and personalize the digital experience. The Company has a global and diverse customer base composed of mobile and fixed broadband service providers, cable operators, private networks, data centers, governments and enterprises, such as financial and educational institutions.