Allot Communications (ALLT) said before open Thursday that it lost $0.28 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $22.6 million, missing estimates by $495 thousand.
In the same quarter a year ago, the company lost $0.28 per share on revenue of $25 million.
The stock is down 9.56% to $1.53 after the report.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.
Allot Communications has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 0, putting Allot Communications in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $1.45 on November 7, 2023 and set a 52-week high on November 18, 2022 at $4.34.
Allot Ltd is a provider of leading innovative network intelligence and security solutions for service providers and enterprises. The company's solutions are deployed globally for network and application analytics, traffic control and shaping, and network-based security services. The firm's multi-service platforms are deployed by over 500 mobile, fixed, and cloud service providers and over 1000 enterprises.
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Allot Communications Down 9.56% To $1.53 After Earnings Miss
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