Allot Ltd. (NASDAQ:ALLT) is reporting third quarter earnings results on Wednesday 4th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.05 per share.
For the full year, analysts predict revenues of $ 135.95 million, while looking forward to loss of $ 0.11 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 135.00 million ~ $ 140.00 million
Click Here For More Historical Outlooks Of Allot Ltd.
Previous Quarter Performance
Allot Ltd. unveiled loss for the second quarter of $ 0.07 per share, from the revenue of $ 32.79 million. The quarterly revenues grew 23.50 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.03 per share from $ 31.68 million in revenue. The bottom line results missed street analysts by $ 0.04 or 133.33 percent, at the same time, top line results outshined analysts by $ 1.11 million or 3.50 percent.
Stock Performance
Shares of Allot Ltd. traded up $ 0.60 or 6.28 percent on Tuesday, reaching $ 10.16 with volume of 183.70 thousand shares. Allot Ltd. has traded high as $ 10.20 and has cracked $ 9.58 on the downward trend
According to the previous trading day, closing price of $ 10.16, representing a 48.45 % increase from the 52 week low of $ 6.44 and a 26.74 % decrease over the 52 week high of $ 13.05.
The company has a market capital of $ 357.76 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Allot Ltd. will be hosting a conference call at 8:30 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.allot.com
Allot Ltd. provides network intelligence and security solutions to protect and personalize the digital experience worldwide. The company offers various platforms, including Allot Service Gateway 9500 and 9700, Allot Service Gateway Tera, Allot Service Gateway Virtual Edition, Allot Secure Service Gateway, and Allot NetEnforcer for in-line deployment in traditional and virtualized network access infrastructure.
