Allot Communications (NASDAQ:ALLT) issued its earnings results on Tuesday. The communications equipment provider reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02), Morningstar.com reports. Allot Communications had a negative return on equity of 5.50% and a negative net margin of 10.12%. The firm had revenue of $26.55 million during the quarter, compared to analysts’ expectations of $26.63 million. Allot Communications updated its FY 2019 guidance to EPS.
Shares of NASDAQ:ALLT traded up $0.02 during midday trading on Wednesday, reaching $7.54. The company’s stock had a trading volume of 2,883 shares, compared to its average volume of 47,877. The business has a 50 day moving average of $7.48. The stock has a market capitalization of $254.25 million, a price-to-earnings ratio of -31.50 and a beta of 0.70. The company has a quick ratio of 2.71, a current ratio of 2.98 and a debt-to-equity ratio of 0.03. Allot Communications has a 12-month low of $5.55 and a 12-month high of $8.34.
ALLT has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Allot Communications from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Zacks Investment Research raised shares of Allot Communications from a “sell” rating to a “hold” rating in a research report on Monday, July 15th. Finally, ValuEngine downgraded shares of Allot Communications from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $7.13.
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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