Jefferies Group Analysts Lower Earnings Estimates for Allot Communications Ltd. (ALLT)

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.

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

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.

ILLEGAL ACTIVITY NOTICE: “Jefferies Group Analysts Lower Earnings Estimates for Allot Communications Ltd. (ALLT)” was originally reported by sleekmoney and is the property of of sleekmoney. If you are accessing this report on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The correct version of this report can be viewed at http://sleekmoney.com/jefferies-group-analysts-lower-earnings-estimates-for-allot-communications-ltd-allt/1656393.html.

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.

5 Day Chart for NASDAQ:ALLT

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