Allot Communications (ALLT) Releases Earnings Results, Hits Expectations

Allot Communications (NASDAQ:ALLT) released its earnings results on Tuesday. The communications equipment provider reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07), Morningstar.com reports. The firm had revenue of $25.34 million during the quarter, compared to the consensus estimate of $25.27 million. Allot Communications had a negative return on equity of 5.79% and a negative net margin of 10.87%. Allot Communications updated its FY 2019 guidance to EPS.

NASDAQ:ALLT opened at $7.59 on Thursday. The firm has a market cap of $257.27 million, a PE ratio of -31.63 and a beta of 0.65. Allot Communications has a fifty-two week low of $5.02 and a fifty-two week high of $8.34.

Large investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its position in shares of Allot Communications by 79.6% during the 1st quarter. New York State Common Retirement Fund now owns 8,394 shares of the communications equipment provider’s stock valued at $67,000 after acquiring an additional 3,721 shares during the period. Cowen Prime Services LLC lifted its position in shares of Allot Communications by 173.0% during the 4th quarter. Cowen Prime Services LLC now owns 10,102 shares of the communications equipment provider’s stock valued at $61,000 after acquiring an additional 6,402 shares during the period. PEAK6 Investments LLC bought a new stake in shares of Allot Communications during the 4th quarter valued at $98,000. Jane Street Group LLC lifted its position in shares of Allot Communications by 38.5% during the 4th quarter. Jane Street Group LLC now owns 18,136 shares of the communications equipment provider’s stock valued at $110,000 after acquiring an additional 5,037 shares during the period. Finally, ETF Managers Group LLC lifted its position in shares of Allot Communications by 2,355.9% during the 4th quarter. ETF Managers Group LLC now owns 43,765 shares of the communications equipment provider’s stock valued at $266,000 after acquiring an additional 41,983 shares during the period. Hedge funds and other institutional investors own 65.18% of the company’s stock.

A number of research firms have recently weighed in on ALLT. Zacks Investment Research downgraded Allot Communications from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. ValuEngine upgraded Allot Communications from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 1st. BidaskClub upgraded Allot Communications from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, Oppenheimer reiterated a “hold” rating on shares of Allot Communications in a research report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $6.87.

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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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