Allot Communications (NASDAQ:ALLT) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

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.

Large investors have recently added to or reduced their stakes in the company. Cowen Prime Services LLC lifted its stake in shares of Allot Communications by 41.4% in the 2nd quarter. Cowen Prime Services LLC now owns 8,200 shares of the communications equipment provider’s stock worth $59,000 after purchasing an additional 2,400 shares during the period. Jane Street Group LLC lifted its stake in shares of Allot Communications by 38.5% in the 4th quarter. Jane Street Group LLC now owns 18,136 shares of the communications equipment provider’s stock worth $110,000 after purchasing an additional 5,037 shares during the period. Norges Bank bought a new position in shares of Allot Communications in the 4th quarter worth approximately $910,000. Deutsche Bank AG lifted its stake in shares of Allot Communications by 53.1% in the 4th quarter. Deutsche Bank AG now owns 219,979 shares of the communications equipment provider’s stock worth $1,335,000 after purchasing an additional 76,278 shares during the period. Finally, Sphera Funds Management LTD. lifted its stake in shares of Allot Communications by 62.1% in the 1st quarter. Sphera Funds Management LTD. now owns 965,931 shares of the communications equipment provider’s stock worth $7,669,000 after purchasing an additional 370,167 shares during the period. 61.30% of the stock is currently owned by hedge funds and other institutional investors.

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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