Allot Communications Ltd. (ALLT) Releases Earnings Results, Beats Estimates By $0.04 EPS
Allot Communications Ltd. (NASDAQ:ALLT) released its quarterly earnings results on Tuesday. The communications equipment provider reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.04, Briefing.com reports. Allot Communications had a negative net margin of 14.06% and a negative return on equity of 5.88%. The company had revenue of $20.90 million for the quarter, compared to analyst estimates of $20.83 million. During the same quarter last year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year.
Shares of Allot Communications (NASDAQ:ALLT) traded up $0.42 during mid-day trading on Tuesday, reaching $5.33. 212,424 shares of the company were exchanged, compared to its average volume of 13,710. Allot Communications has a fifty-two week low of $4.50 and a fifty-two week high of $5.67.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Allot Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Allot Communications in a research report on Tuesday, August 1st. Finally, ValuEngine lowered shares of Allot Communications from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th.
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.
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