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”.
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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.
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