Allot Communications Ltd. (ALLT) Announces Quarterly Earnings Results, Report finds

Allot Communications Ltd. (ALLT) Announces Quarterly  Earnings Results, Report finds

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.

Related posts

Leave a Comment

Allot Communications Ltd. (ALLT) Announces Quarterly Earnings Results

Allot Communications Ltd. (ALLT) Announces Quarterly  Earnings Results

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.

Related posts

Leave a Comment