Allot Communications Ltd. (NASDAQ:ALLT) Scheduled to Post Earnings on Tuesday
Allot Communications Ltd. (NASDAQ:ALLT) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.10. Allot Communications had a negative return on equity of 4.28% and a negative net margin of 10.23%. The company had revenue of $18.50 million during the quarter, compared to analyst estimates of $19.62 million. During the same period in the prior year, the firm earned ($0.06) EPS. Allot Communications’s quarterly revenue was down 19.2% on a year-over-year basis. On average, analysts expect Allot Communications to post $-0.34 EPS for the current fiscal year and $-0.15 EPS for the next fiscal year.
Shares of Allot Communications Ltd. (ALLT) opened at 5.07 on Thursday. The firm’s market cap is $167.77 million. The firm has a 50 day moving average price of $5.04 and a 200-day moving average price of $4.94. Allot Communications Ltd. has a 12 month low of $4.50 and a 12 month high of $5.67.
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A number of research firms have recently weighed in on ALLT. Zacks Investment Research upgraded shares of Allot Communications from a “strong sell” rating to a “hold” rating in a research report on Friday, July 14th. ValuEngine upgraded shares of Allot Communications from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Allot Communications in a research report on Sunday, May 14th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $5.00.
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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