Allot Communications (ALLT) said before open Thursday that it lost $0.49 per share in quarter two 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 $25 million, missing estimates by $43 thousand.
In the same quarter a year ago, the company lost $0.11 per share on revenue of $32.8 million.
The stock is up 3.6% to $2.59 after the report.
Despite Allot Communications reporting a decline in revenues, earnings increased signaling a rise in profit margins.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bullish 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 9, putting Allot Communications in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $2.08 on August 28, 2023 and set a 52-week high on August 31, 2022 at $4.69.
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 Up 3.6% To $2.59 After Earnings Miss
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