Equities research analysts expect that Allot Communications Ltd. (NASDAQ:ALLT) will report ($0.12) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Allot Communications’ earnings. The highest EPS estimate is ($0.10) and the lowest is ($0.13). Allot Communications reported earnings of ($0.03) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 300%. The firm is expected to issue its next earnings results before the market opens on Tuesday, August 1st.

According to Zacks, analysts expect that Allot Communications will report full-year earnings of ($0.34) per share for the current financial year, with EPS estimates ranging from ($0.35) to ($0.33). For the next financial year, analysts forecast that the business will post earnings of ($0.15) per share, with EPS estimates ranging from ($0.20) to ($0.09). Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Allot Communications.

Allot Communications (NASDAQ:ALLT) last issued its earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $0.10. The company had revenue of $18.50 million for the quarter, compared to analysts’ expectations of $19.62 million. Allot Communications had a negative net margin of 10.23% and a negative return on equity of 4.28%. The company’s revenue was down 19.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) earnings per share.

ALLT has been the topic of several research reports. ValuEngine raised Allot Communications from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Allot Communications in a research report on Sunday, May 14th. Finally, Zacks Investment Research upgraded Allot Communications from a “strong sell” rating to a “hold” rating in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Allot Communications presently has a consensus rating of “Hold” and an average target price of $5.00.

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Shares of Allot Communications (NASDAQ:ALLT) opened at 5.05 on Tuesday. Allot Communications has a one year low of $4.50 and a one year high of $5.67. The company’s 50-day moving average price is $5.03 and its 200 day moving average price is $4.94. The stock’s market capitalization is $167.11 million.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position 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 in the last quarter. Norges Bank bought a new position in Allot Communications during the fourth quarter valued at approximately $740,000. Horrell Capital Management Inc. raised its position 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in Allot Communications by 71.2% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,207,993 shares of the communications equipment provider’s stock valued at $10,510,000 after buying an additional 918,397 shares in the last quarter. Finally, S Squared Technology LLC bought a new position in Allot Communications during the first quarter valued at approximately $1,409,000. Institutional investors own 42.38% of the company’s stock.

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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Earnings History and Estimates for Allot Communications (NASDAQ:ALLT)

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