Allot Announces Fourth Quarter and Full Year 2018 Financial Results
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February 6, 2019 7:47 AM EST
Needham & Company analyst Alex Henderson raised the price target on Allot Communications (NASDAQ: ALLT) to $9.50 (from $7.50) while maintaining a Buy rating.
The analyst commented, "The Allot Security enablement business is offering enticing growth potential. Allot is increasingly quantifying the upside and making our numbers look... More
February 5, 2019 5:39 AM EST
Allot Communications (NASDAQ: ALLT) reported Q4 EPS of ($0.01), $0.02 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $26.9 million versus the consensus estimate of $25.18 million.
Erez Antebi, President & CEO of Allot, commented: "We are very pleased with our performance in 2018, with revenues growing at a faster pace than we had originally expected . Our DPI business performed well in 2018, resulting from much improved execution of our teams across the globe. We are... More
