Allot (NASDAQ:ALLT) Issues Earnings Results

Key Points

• Allot (NASDAQ: ALLT) reported a quarterly earnings per share of ($0.01), surpassing analysts' expectations of ($0.02) by $0.01.
• The company's stock decreased by $0.72 to $7.23 during trading hours, with a market capitalization of $336.41 million.
• Institutional investors hold 51.50% of Allot's stock, with several large firms making new investments in the company during the second quarter.

Allot (NASDAQ:ALLT - Get Free Report) posted its earnings results on Thursday. The communications equipment provider reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01, Zacks reports. Allot had a negative return on equity of 4.90% and a negative net margin of 3.95%.

Allot Price Performance

Shares of ALLT traded down $0.72 during trading hours on Thursday, reaching $7.23. 2,234,267 shares of the company's stock traded hands, compared to its average volume of 454,018. The stock has a market cap of $336.41 million, a PE ratio of -72.29 and a beta of 1.32. The company has a current ratio of 2.49, a quick ratio of 2.27 and a debt-to-equity ratio of 0.80. The firm's 50 day simple moving average is $8.36 and its 200-day simple moving average is $7.30. Allot has a 12 month low of $2.75 and a 12 month high of $10.77.

Institutional Trading of Allot

A number of large investors have recently modified their holdings of ALLT. JPMorgan Chase & Co. bought a new stake in shares of Allot during the 2nd quarter valued at about $2,225,000. Russell Investments Group Ltd. purchased a new stake in Allot in the second quarter worth approximately $350,000. Arrowstreet Capital Limited Partnership purchased a new stake in Allot in the second quarter worth approximately $156,000. Walleye Capital LLC purchased a new stake in Allot in the second quarter worth approximately $256,000. Finally, Marshall Wace LLP purchased a new stake in Allot in the second quarter worth approximately $2,320,000. Institutional investors own 51.50% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Allot from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

About Allot

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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