Allot Q4 Adj EPS $(0.43) Misses $(0.16) Estimate, Sales $24.34M Beat $22.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allot (NASDAQ:ALLT) reported Q4 adjusted EPS of $(0.43), missing the $(0.16) estimate by 168.75%, and a 230.77% decrease from last year's $(0.13). Sales were $24.34M, beating the $22.26M estimate by 9.35%, but down 26.30% from last year's $33.03M.
February 15, 2024 | 10:01 am
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NEGATIVE IMPACT
Allot reported a significant miss in Q4 adjusted EPS at $(0.43) versus the $(0.16) estimate and a sharp decrease in sales year-over-year.
The significant miss in EPS and the decrease in sales year-over-year are likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100