Allot Communications Ltd. (NASDAQ:ALLT) – Stock analysts at Jefferies Group reduced their Q2 2017 earnings per share estimates for shares of Allot Communications in a report issued on Tuesday. Jefferies Group analyst J. Kisner now anticipates that the brokerage will post earnings of ($0.07) per share for the quarter, down from their previous estimate of ($0.05). Jefferies Group currently has a “Hold” rating and a $5.00 target price on the stock. Jefferies Group also issued estimates for Allot Communications’ Q3 2017 earnings at ($0.04) EPS, FY2017 earnings at ($0.20) EPS and FY2018 earnings at ($0.07) EPS.
Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Allot Communications had a negative net margin of 8.85% and a negative return on equity of 3.63%. The firm had revenue of $23.50 million for the quarter, compared to the consensus estimate of $21.61 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The company’s revenue for the quarter was down 8.6% on a year-over-year basis.
Several other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Allot Communications from a “hold” rating to a “sell” rating in a report on Friday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Allot Communications in a report on Tuesday, February 7th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $5.13.
Shares of Allot Communications (NASDAQ:ALLT) opened at 4.87 on Friday. Allot Communications has a one year low of $4.24 and a one year high of $5.67. The stock’s market capitalization is $161.15 million. The stock has a 50 day moving average of $5.10 and a 200-day moving average of $5.07.
Several large investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. increased its stake in Allot Communications by 28.5% in the third quarter. Oppenheimer & Co. Inc. now owns 19,400 shares of the company’s stock worth $102,000 after buying an additional 4,300 shares in the last quarter. Spark Investment Management LLC increased its stake in Allot Communications by 25.2% in the third quarter. Spark Investment Management LLC now owns 79,100 shares of the company’s stock worth $416,000 after buying an additional 15,900 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in Allot Communications during the second quarter worth about $2,681,000. Institutional investors and hedge funds own 43.42% of the company’s stock.
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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