Allot Q3 Adj. EPS $(0.28) Misses $(0.27) Estimate, Sales $22.64M Miss $23.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allot (NASDAQ:ALLT) reported Q3 adjusted EPS of $(0.28), missing the $(0.27) estimate, and sales of $22.64M, falling short of the $23.13M estimate. Sales decreased by 9.60% compared to the same period last year.
November 16, 2023 | 10:04 am
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Allot reported a Q3 adjusted EPS of $(0.28) and sales of $22.64M, both missing estimates and showing a year-over-year sales decline.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. The year-over-year decline in sales further exacerbates concerns about the company's growth and performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100