Zacks: Brokerages Expect Allot Communications Ltd (NASDAQ:ALLT) Will Post Earnings of -$0.07 Per Share

Brokerages expect Allot Communications Ltd (NASDAQ:ALLT) to post earnings per share of ($0.07) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Allot Communications’ earnings. Allot Communications also reported earnings of ($0.07) per share during the same quarter last year. The company is scheduled to issue its next earnings results on Tuesday, August 3rd.

On average, analysts expect that Allot Communications will report full year earnings of ($0.20) per share for the current financial year. For the next year, analysts forecast that the business will post earnings of ($0.07) per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Allot Communications.

Allot Communications (NASDAQ:ALLT) last issued its earnings results on Monday, May 10th. The communications equipment provider reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.06. Allot Communications had a negative return on equity of 8.59% and a negative net margin of 8.45%.

A number of brokerages have commented on ALLT. Lake Street Capital boosted their price objective on Allot Communications from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research raised Allot Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, April 20th.

ALLT opened at $19.37 on Tuesday. Allot Communications has a fifty-two week low of $8.46 and a fifty-two week high of $20.19. The firm has a market cap of $685.37 million, a price-to-earnings ratio of -58.70 and a beta of 0.61. The stock has a 50-day simple moving average of $18.12.

Allot Communications Company Profile

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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