Analysts Expect Allot Communications Ltd (ALLT) to Post -$0.06 Earnings Per Share

Wall Street brokerages expect Allot Communications Ltd (NASDAQ:ALLT) to announce earnings of ($0.06) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Allot Communications’ earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.07). Allot Communications posted earnings per share of ($0.11) during the same quarter last year, which would suggest a positive year-over-year growth rate of 45.5%. The firm is expected to issue its next earnings report before the market opens on Tuesday, May 9th.

On average, analysts expect that Allot Communications will report full year earnings of ($0.20) per share for the current fiscal year, with EPS estimates ranging from ($0.21) to ($0.20). For the next financial year, analysts anticipate that the firm will report earnings of ($0.07) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Allot Communications.

Allot Communications (NASDAQ:ALLT) last released its earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.08. Allot Communications had a negative net margin of 8.85% and a negative return on equity of 3.63%. The firm had revenue of $18.50 million during the quarter, compared to the consensus estimate of $19.62 million. During the same period in the prior year, the business earned ($0.06) earnings per share. Allot Communications’s quarterly revenue was down 19.2% compared to the same quarter last year.

ALLT has been the topic of a number of recent research reports. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Allot Communications in a research report on Tuesday, February 7th. Zacks Investment Research downgraded Allot Communications from a “hold” rating to a “sell” rating in a report on Friday, February 10th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $5.00.

Allot Communications (NASDAQ:ALLT) traded down 4.89% during trading on Tuesday, reaching $4.67. 73,637 shares of the company’s stock traded hands. The company’s 50 day moving average is $4.79 and its 200-day moving average is $4.92. The stock’s market cap is $154.64 million. Allot Communications has a 52-week low of $4.50 and a 52-week high of $5.67.

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A number of large investors have recently added to or reduced their stakes in the company. Spark Investment Management LLC increased its stake in Allot Communications by 25.2% in the third quarter. Spark Investment Management LLC now owns 79,100 shares of the communications equipment provider’s stock valued at $416,000 after buying an additional 15,900 shares during the last quarter. Renaissance Technologies LLC increased its stake in Allot Communications by 3.0% in the fourth quarter. Renaissance Technologies LLC now owns 672,500 shares of the communications equipment provider’s stock valued at $3,221,000 after buying an additional 19,700 shares during the last quarter. Horrell Capital Management Inc. increased its stake in Allot Communications by 32.0% in the first quarter. Horrell Capital Management Inc. now owns 165,000 shares of the communications equipment provider’s stock valued at $785,000 after buying an additional 40,000 shares during the last quarter. Norges Bank acquired a new stake in Allot Communications during the fourth quarter valued at approximately $740,000. Finally, Soros Fund Management LLC increased its stake in Allot Communications by 38.5% in the fourth quarter. Soros Fund Management LLC now owns 3,326,166 shares of the communications equipment provider’s stock valued at $15,932,000 after buying an additional 924,592 shares during the last quarter. Institutional investors own 43.41% of the company’s stock.

Allot Communications Company Profile

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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