Allot ALLT is gearing up to announce its quarterly earnings on Tuesday, 2024-11-19. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Allot will report an earnings per share (EPS) of $-0.03.
Anticipation surrounds Allot's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Past Earnings Performance
In the previous earnings release, the company beat EPS by $0.02, leading to a 0.91% drop in the share price the following trading session.
Here's a look at Allot's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.04 | -0.11 | -0.16 | -0.27 |
| EPS Actual | -0.02 | -0.03 | -0.43 | -0.28 |
| Price Change % | -1.0% | -3.0% | 5.0% | 3.0% |
Market Performance of Allot's Stock
Shares of Allot were trading at $3.49 as of November 15. Over the last 52-week period, shares are up 162.5%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Allot visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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