Allot Communications (NASDAQ:ALLT) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Allot Communications (NASDAQ:ALLT) announced its earnings results on Tuesday. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07, Zacks reports. Allot Communications had a negative return on equity of 48.04% and a negative net margin of 26.69%.

Allot Communications Trading Up 16.9 %

NASDAQ ALLT opened at $7.73 on Wednesday. The company’s fifty day moving average price is $7.22 and its two-hundred day moving average price is $4.85. The company has a market capitalization of $297.16 million, a price-to-earnings ratio of -11.89 and a beta of 1.05. Allot Communications has a 12 month low of $1.78 and a 12 month high of $9.44. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.32 and a quick ratio of 2.06.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Allot Communications from a “hold” rating to a “buy” rating in a report on Saturday, February 15th.

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.