Allot's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Allot (NASDAQ:ALLT) is expected to release its quarterly earnings report on Thursday, 2023-11-16, with an estimated EPS of $-0.27. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Allot's stock price has reacted negatively to earnings misses. Shares are currently trading at $1.59, down 60.86% over the last 52 weeks. The upcoming earnings report could influence the stock's performance, especially if the company's guidance differs from expectations.
November 15, 2023 | 4:00 pm
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Allot is anticipated to report quarterly earnings with an estimated EPS of $-0.27. Historical data shows negative stock reactions to earnings misses. With shares down 60.86% YTD, the upcoming report and guidance will be closely watched.
The short-term impact on ALLT's stock price will likely hinge on whether the company beats or misses the earnings estimate and the nature of the guidance provided. Historical performance suggests that the stock price could decline if earnings miss estimates or if guidance is unfavorable. However, given the stock's already significant decline over the past year, some investors might have already priced in a degree of pessimism, potentially mitigating the impact of another negative report.
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