Allot Communications (ALLT) Issues Quarterly Earnings Results
Allot Communications (NASDAQ:ALLT) announced its quarterly earnings results on Tuesday. The communications equipment provider reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07), Morningstar.com reports. The company had revenue of $25.34 million for the quarter, compared to the consensus estimate of $25.27 million. Allot Communications had a negative return on equity of 5.79% and a negative net margin of 10.87%. Allot Communications updated its FY 2019 guidance to EPS.
ALLT stock opened at $7.52 on Wednesday. Allot Communications has a 52-week low of $5.01 and a 52-week high of $8.34. The stock has a market cap of $245.75 million, a PE ratio of -31.33 and a beta of 0.65.
Hedge funds have recently bought and sold shares of the company. Caption Management LLC boosted its stake in shares of Allot Communications by 13.0% during the 4th quarter. Caption Management LLC now owns 650,654 shares of the communications equipment provider’s stock worth $3,949,000 after acquiring an additional 75,000 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Allot Communications by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 680,944 shares of the communications equipment provider’s stock worth $4,208,000 after acquiring an additional 7,485 shares in the last quarter. Northpointe Capital LLC purchased a new stake in shares of Allot Communications during the 4th quarter worth about $1,326,000. Sphera Funds Management LTD. boosted its stake in shares of Allot Communications by 58.3% during the 4th quarter. Sphera Funds Management LTD. now owns 595,764 shares of the communications equipment provider’s stock worth $13,513,000 after acquiring an additional 219,313 shares in the last quarter. Finally, PEAK6 Investments LLC purchased a new stake in shares of Allot Communications during the 4th quarter worth about $98,000. 65.18% of the stock is currently owned by institutional investors and hedge funds.
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About Allot Communications
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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