Allot Communications (ALLT) Releases Earnings Results, Beats Expectations By $0.01 EPS

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Allot Communications (NASDAQ:ALLT) announced its quarterly earnings data on Tuesday. The communications equipment provider reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01, Morningstar.com reports. Allot Communications had a negative net margin of 16.97% and a negative return on equity of 6.46%. The business had revenue of $24.22 million during the quarter, compared to the consensus estimate of $23.75 million. Allot Communications updated its FY 2018 guidance to EPS.

NASDAQ ALLT remained flat at $$7.09 on Wednesday. 223,655 shares of the company’s stock traded hands, compared to its average volume of 79,143. Allot Communications has a 1 year low of $4.74 and a 1 year high of $7.25. The company has a market cap of $224.54 million, a PE ratio of -20.26 and a beta of 0.35.

A number of brokerages recently weighed in on ALLT. Oppenheimer reaffirmed a “hold” rating on shares of Allot Communications in a research report on Tuesday. Barclays raised shares of Allot Communications from an “underweight” rating to an “equal weight” rating and set a $6.00 price objective for the company in a research report on Friday, October 12th. Zacks Investment Research downgraded shares of Allot Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine raised shares of Allot Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, TheStreet raised shares of Allot Communications from a “d+” rating to a “c-” rating in a research report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.45.

A number of hedge funds and other institutional investors have recently bought and sold shares of ALLT. Acadian Asset Management LLC bought a new position in Allot Communications in the 2nd quarter worth about $112,000. Jane Street Group LLC bought a new position in Allot Communications in the 2nd quarter worth about $149,000. Russell Investments Group Ltd. bought a new position in Allot Communications in the 2nd quarter worth about $1,130,000. Boston Partners bought a new position in Allot Communications in the 2nd quarter worth about $1,523,000. Finally, Unterberg Capital LLC grew its position in Allot Communications by 25.0% in the 2nd quarter. Unterberg Capital LLC now owns 550,710 shares of the communications equipment provider’s stock worth $2,952,000 after purchasing an additional 110,282 shares during the last quarter. Hedge funds and other institutional investors own 55.84% of the company’s stock.

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Allot Communications Company Profile

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.

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Earnings History for Allot Communications (NASDAQ:ALLT)

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