Allot Communications Ltd (ALLT) Releases Earnings Results, Beats Expectations By $0.02 EPS

Allot Communications Ltd (ALLT) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.01. The company posted revenue of $23.00 million in the period, compared to analysts expectations of $24.61 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Allot Communications Ltd opened for trading at $4.81 and hit $4.88 on the upside on Friday, eventually ending the session at $4.87, with a gain of 0.21% or 0.01 points. The heightened volatility saw the trading volume jump to 14,218 shares. Company has a market cap of $163 M.

Allot Communications Ltd. (Allot) is a global provider of broadband solutions. The Company is focused on developing mobile fixed and enterprise networks to support the digital lifestyle. Its solutions are based on its deep packet inspection (DPI) technology identify and leverage the business intelligence in data networks. It offers services to mobile and fixed broadband service providers cable operators private networks data centers governments and enterprises such as financial and educational institutions. It provides solutions in analytics traffic management video caching and optimization policy control and charging and service enablement solutions. Its analytics solutions deliver network business intelligence to drive capacity planning congestion management service planning and marketing decisions. The traffic management solutions control congestion and optimize service delivery. Dynamic Quality of Service (QoS) enforcement enables traffic management strategies.

Allot Communications Ltd

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