Allot Communications Ltd (ALLT) Expected to Announce Earnings of -$0.06 Per Share

Equities research analysts expect that Allot Communications Ltd (NASDAQ:ALLT) will announce earnings per share of ($0.06) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Allot Communications’ earnings, with the highest EPS estimate coming in at ($0.06) and the lowest estimate coming in at ($0.07). Allot Communications reported earnings per share of ($0.11) during the same quarter last year, which indicates a positive year-over-year growth rate of 45.5%. The firm is expected to report 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 forecast that the firm will post earnings of ($0.07) per share. Zacks’ EPS averages are an average based on a survey of analysts that cover Allot Communications.

Allot Communications (NASDAQ:ALLT) last posted its quarterly earnings results on Tuesday, February 7th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $23.50 million for the quarter, compared to analyst estimates of $21.61 million. Allot Communications had a negative return on equity of 3.63% and a negative net margin of 8.85%. Allot Communications’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 EPS.

ALLT has been the topic of several research reports. Zacks Investment Research cut Allot Communications from a “hold” rating to a “sell” rating in a research note on Friday, February 10th. Jefferies Group LLC restated a “hold” rating and set a $5.00 price objective on shares of Allot Communications in a research note on Wednesday, January 4th. Finally, Oppenheimer Holdings Inc. restated a “hold” rating on shares of Allot Communications in a research note on Tuesday, February 7th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.13.

Hedge funds have recently made changes to their positions in the company. Horrell Capital Management Inc. boosted 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 last quarter. Norges Bank bought a new stake in shares of Allot Communications during the fourth quarter worth $740,000. Soros Fund Management LLC boosted its stake in shares of 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 worth $15,932,000 after buying an additional 924,592 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Allot Communications by 3.0% in the fourth quarter. Renaissance Technologies LLC now owns 672,500 shares of the communications equipment provider’s stock worth $3,221,000 after buying an additional 19,700 shares during the last quarter. Finally, Spark Investment Management LLC boosted 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 last quarter. Institutional investors and hedge funds own 43.41% of the company’s stock.

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Allot Communications (NASDAQ:ALLT) traded up 1.24% during midday trading on Tuesday, reaching $4.90. The company’s stock had a trading volume of 40,161 shares. The company’s market capitalization is $162.26 million. Allot Communications has a 1-year low of $4.50 and a 1-year high of $5.67. The company has a 50 day moving average of $4.76 and a 200-day moving average of $4.96.

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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