Allot Communications (ALLT) Issues Earnings Results, Misses Expectations By $0.01 EPS
Allot Communications (NASDAQ:ALLT) posted its quarterly earnings results on Tuesday. The communications equipment provider reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01), Morningstar.com reports. Allot Communications had a negative net margin of 22.04% and a negative return on equity of 7.90%. The firm had revenue of $23.20 million for the quarter, compared to the consensus estimate of $22.89 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was down 1.3% compared to the same quarter last year.
Allot Communications (NASDAQ ALLT) traded down $0.12 during trading hours on Thursday, hitting $5.11. 18,178 shares of the stock were exchanged, compared to its average volume of 76,339. The stock has a market cap of $167.92, a P/E ratio of -9.72 and a beta of 0.65. Allot Communications has a 12-month low of $4.54 and a 12-month high of $6.09.
Several large investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Allot Communications in the 4th quarter worth about $4,489,000. Senvest Management LLC purchased a new stake in shares of Allot Communications in the 3rd quarter worth about $751,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Allot Communications in the 4th quarter worth about $219,000. 44.34% of the stock is currently owned by hedge funds and other institutional investors.
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.
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