Allot Communications Ltd (ALLT) Releases Earnings Results, Misses Estimates By $0.10 EPS

Allot Communications Ltd (NASDAQ:ALLT) announced its quarterly earnings results on Tuesday. The communications equipment provider reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.10. Allot Communications had a negative net margin of 8.85% and a negative return on equity of 3.63%. The company had revenue of $18.50 million during the quarter, compared to analyst estimates of $19.62 million. During the same quarter last year, the company posted ($0.06) EPS. The firm’s quarterly revenue was down 19.2% on a year-over-year basis.

Allot Communications (NASDAQ:ALLT) traded up 0.62% during mid-day trading on Friday, reaching $4.90. 24,177 shares of the company’s stock were exchanged. The stock’s market cap is $162.15 million. The company has a 50-day moving average of $4.83 and a 200-day moving average of $4.90. Allot Communications has a 52-week low of $4.50 and a 52-week high of $5.67.

Earnings History for Allot Communications (NASDAQ:ALLT)

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of Allot Communications by 38.9% in the first quarter. Geode Capital Management LLC now owns 23,046 shares of the communications equipment provider’s stock worth $109,000 after buying an additional 6,455 shares during the period. Renaissance Technologies LLC raised its stake in shares of Allot Communications by 1.3% in the first quarter. Renaissance Technologies LLC now owns 681,100 shares of the communications equipment provider’s stock worth $3,242,000 after buying an additional 8,600 shares during the period. Spark Investment Management LLC raised its stake in shares of 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 worth $416,000 after buying an additional 15,900 shares during the period. Horrell Capital Management Inc. raised its stake in shares of 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 worth $785,000 after buying an additional 40,000 shares during the period. Finally, Soros Fund Management LLC raised its stake in shares of Allot Communications by 2.4% in the first quarter. Soros Fund Management LLC now owns 3,406,666 shares of the communications equipment provider’s stock worth $16,216,000 after buying an additional 80,500 shares during the period. 43.41% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently commented on ALLT shares. ValuEngine upgraded shares of Allot Communications from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Zacks Investment Research lowered shares of Allot Communications from a “hold” rating to a “sell” rating in a research note on Friday, February 10th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Allot Communications in a research note on Sunday, May 14th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $5.00.

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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.

12 Month Chart for NASDAQ:ALLT

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