Equities research analysts expect Allot Communications Ltd. (NASDAQ:ALLT) to announce sales of $21.02 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Allot Communications’ earnings, with the lowest sales estimate coming in at $20.73 million and the highest estimate coming in at $21.30 million. Allot Communications reported sales of $20.99 million during the same quarter last year, which indicates a positive year over year growth rate of 0.1%. The firm is scheduled to report its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Allot Communications will report full year sales of $21.02 million for the current year, with estimates ranging from $81.39 million to $82.60 million. For the next year, analysts forecast that the firm will post sales of $89.59 million per share, with estimates ranging from $87.57 million to $91.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Allot Communications.
Allot Communications (NASDAQ:ALLT) last issued its quarterly earnings results on Tuesday, August 1st. The communications equipment provider reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The company had revenue of $19.52 million for the quarter, compared to analyst estimates of $19.20 million. Allot Communications had a negative net margin of 14.06% and a negative return on equity of 5.88%. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share.
ALLT has been the topic of several analyst reports. ValuEngine upgraded Allot Communications from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Zacks Investment Research upgraded Allot Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Allot Communications in a report on Tuesday, August 1st.
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Several large investors have recently made changes to their positions in ALLT. S Squared Technology LLC purchased a new stake in shares of Allot Communications during the 1st quarter valued at about $1,409,000. Horrell Capital Management Inc. raised its holdings in shares of Allot Communications by 64.3% during the 2nd quarter. Horrell Capital Management Inc. now owns 271,100 shares of the communications equipment provider’s stock valued at $1,385,000 after buying an additional 106,100 shares during the period. Soros Fund Management LLC raised its holdings in shares of Allot Communications by 2.4% during the 1st quarter. Soros Fund Management LLC now owns 3,406,666 shares of the communications equipment provider’s stock valued at $16,216,000 after buying an additional 80,500 shares during the period. Spark Investment Management LLC raised its holdings in shares of Allot Communications by 55.9% during the 1st quarter. Spark Investment Management LLC now owns 84,500 shares of the communications equipment provider’s stock valued at $402,000 after buying an additional 30,300 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Allot Communications by 1.3% during the 1st quarter. Renaissance Technologies LLC now owns 681,100 shares of the communications equipment provider’s stock valued at $3,242,000 after buying an additional 8,600 shares during the period. Institutional investors and hedge funds own 44.33% of the company’s stock.
Shares of Allot Communications (ALLT) traded down 0.39% during mid-day trading on Wednesday, reaching $5.12. 19,687 shares of the company’s stock were exchanged. The stock’s market cap is $169.98 million. Allot Communications has a 52 week low of $4.50 and a 52 week high of $5.67. The stock has a 50 day moving average price of $4.99 and a 200 day moving average price of $4.93.
About Allot Communications
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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