Allot Communications (NASDAQ:ALLT) Coverage Initiated at StockNews.com

Jun 30, 2024
allot-communications-(nasdaq:allt)-coverage-initiated-at-stocknews.com

StockNews.com began coverage on shares of Allot Communications (NASDAQ:ALLTFree Report) in a research report released on Saturday morning. The brokerage issued a sell rating on the communications equipment provider’s stock.

Allot Communications Stock Up 1.8 %

Shares of ALLT traded up $0.04 during mid-day trading on Friday, reaching $2.32. The company’s stock had a trading volume of 771,938 shares, compared to its average volume of 127,999. The business has a fifty day moving average of $2.15 and a 200 day moving average of $1.99. The company has a market cap of $89.18 million, a price-to-earnings ratio of -1.63 and a beta of 1.04. Allot Communications has a 1 year low of $1.19 and a 1 year high of $3.32. The company has a quick ratio of 2.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.83.

Allot Communications (NASDAQ:ALLTGet Free Report) last announced its quarterly earnings data on Wednesday, May 29th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.10. Allot Communications had a negative return on equity of 88.89% and a negative net margin of 57.45%. The business had revenue of $21.89 million during the quarter, compared to analyst estimates of $19.10 million. As a group, analysts forecast that Allot Communications will post -0.23 earnings per share for the current fiscal year.

About Allot Communications

(Get Free Report)

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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