Allot Communications Ltd. (NASDAQ:ALLT) released its quarterly earnings data on Tuesday, August 1st. The communications equipment provider reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02, Morningstar.com reports. Allot Communications had a negative return on equity of 5.88% and a negative net margin of 14.06%. The business had revenue of $19.52 million for the quarter, compared to the consensus estimate of $19.20 million. During the same quarter in the prior year, the business posted $0.01 EPS. The business’s revenue for the quarter was down 15.1% on a year-over-year basis.
Shares of Allot Communications (NASDAQ:ALLT) opened at 4.86 on Friday. The firm’s market capitalization is $161.35 million. The company has a 50 day moving average price of $5.05 and a 200-day moving average price of $4.91. Allot Communications has a 12 month low of $4.50 and a 12 month high of $5.67.
A number of research analysts have recently commented on ALLT shares. ValuEngine downgraded Allot Communications from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Allot Communications in a report on Sunday, May 14th. Finally, Zacks Investment Research upgraded Allot Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 20th.
TRADEMARK VIOLATION WARNING: This report was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://stocknewstimes.com/2017/08/19/allot-communications-ltd-nasdaqallt-posts-quarterly-earnings-results-beats-expectations-by-0-05-eps-updated-updated.html.
A number of hedge funds have recently made changes to their positions in the stock. Prentiss Smith & Co. Inc. raised its stake in shares of Allot Communications by 6.8% in the second quarter. Prentiss Smith & Co. Inc. now owns 81,059 shares of the communications equipment provider’s stock valued at $414,000 after buying an additional 5,158 shares in the last quarter. Spark Investment Management LLC raised its stake in shares of Allot Communications by 55.9% in the first quarter. Spark Investment Management LLC now owns 84,500 shares of the communications equipment provider’s stock valued at $402,000 after buying an additional 30,300 shares in the last quarter. Norges Bank purchased a new stake in shares of Allot Communications during the fourth quarter valued at $740,000. Horrell Capital Management Inc. raised its stake in shares of Allot Communications by 32.0% in the first quarter. Horrell Capital Management Inc. now owns 165,000 shares of the communications equipment provider’s stock valued at $785,000 after buying an additional 40,000 shares in the last quarter. Finally, S Squared Technology LLC purchased a new stake in shares of Allot Communications during the first quarter valued at $1,409,000. 42.25% of the stock is owned by hedge funds and other institutional investors.
Allot Communications Company Profile
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.
Receive News & Ratings for Allot Communications Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allot Communications Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.
