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.

A number of equities research analysts recently commented on ALLT shares. Bank of America upgraded shares of Allot Communications from an “underperform” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research raised shares of Allot Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, BidaskClub downgraded shares of Allot Communications from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold”.

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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.

Earnings History for Allot Communications (NASDAQ:ALLT)

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