FY2024 Earnings Forecast for ALLT Issued By Northland Capmk

Allot Communications Ltd (NASDAQ:ALLT) – Equities researchers at Northland Capmk increased their FY2024 earnings estimates for Allot Communications in a research report issued to clients and investors on Wednesday, November 20th. Northland Capmk analyst N. Chokshi now expects that the communications equipment provider will post earnings per share of ($0.18) for the year, up from their previous estimate of ($0.24). Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for Allot Communications’ current full-year earnings is ($0.18) per share. Northland Capmk also issued estimates for Allot Communications’ Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.14) EPS.

A number of other analysts have also recently weighed in on ALLT. Northland Securities raised shares of Allot Communications from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $2.25 to $13.00 in a report on Monday, August 5th. StockNews.com upgraded shares of Allot Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

Allot Communications Stock Performance

ALLT stock opened at $4.57 on Monday. The stock’s 50 day simple moving average is $3.37 and its 200 day simple moving average is $2.92. Allot Communications has a 12-month low of $1.19 and a 12-month high of $4.64. The firm has a market cap of $175.67 million, a P/E ratio of -7.03 and a beta of 1.04. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83.

Allot Communications (NASDAQ:ALLT) last issued its earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Allot Communications had a negative return on equity of 48.04% and a negative net margin of 26.69%. The company had revenue of $22.16 million during the quarter, compared to analyst estimates of $22.30 million.

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.