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

Allot Communications (NASDAQ:ALLT) issued its quarterly earnings data on Tuesday. The communications equipment provider reported ($0.07) earnings per share 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 during the quarter, compared to analyst estimates of $22.89 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The company’s quarterly revenue was down 1.3% compared to the same quarter last year.

Allot Communications (ALLT) opened at $5.25 on Thursday. Allot Communications has a fifty-two week low of $4.54 and a fifty-two week high of $6.09.

ALLT has been the subject of a number of research reports. Zacks Investment Research raised Allot Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub cut Allot Communications from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Finally, Bank of America raised Allot Communications from an “underperform” rating to a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold”.

Large investors have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC purchased a new position in Allot Communications in the fourth quarter valued at $219,000. Senvest Management LLC purchased a new position in Allot Communications in the third quarter valued at $751,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Allot Communications in the fourth quarter valued at $4,489,000. Hedge funds and other institutional investors own 44.34% of the company’s stock.

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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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