Northland Capmk Analysts Reduce Earnings Estimates for Allot Communications Ltd (NASDAQ:ALLT)

Allot Communications Ltd (NASDAQ:ALLT) – Stock analysts at Northland Capmk reduced their Q3 2024 earnings per share estimates for shares of Allot Communications in a research note issued on Wednesday, August 28th. Northland Capmk analyst N. Chokshi now forecasts that the communications equipment provider will post earnings of ($0.08) per share for the quarter, down from their previous estimate of ($0.06). Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Allot Communications’ current full-year earnings is ($0.24) per share. Northland Capmk also issued estimates for Allot Communications’ Q4 2024 earnings at ($0.05) EPS, FY2024 earnings at ($0.24) EPS and FY2025 earnings at ($0.18) EPS.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Allot Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Northland Securities upgraded shares of Allot Communications from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $2.25 to $13.00 in a report on Monday, August 5th.

Allot Communications Price Performance

ALLT opened at $3.35 on Monday. The firm has a market capitalization of $128.77 million, a P/E ratio of -2.36 and a beta of 1.04. The stock has a fifty day moving average of $2.91 and a 200-day moving average of $2.41. The company has a quick ratio of 2.10, a current ratio of 2.40 and a debt-to-equity ratio of 0.85. Allot Communications has a 12-month low of $1.19 and a 12-month high of $3.62.

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.