Allot shares are trading lower after the company reported Q1 results, reiterated FY24 guidance and named new CFO.
Portfolio Pulse from Benzinga Newsdesk
Allot shares are trading lower after the company reported Q1 results, reiterated FY24 guidance, and named a new CFO.
May 29, 2024 | 9:59 am
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NEGATIVE IMPACT
Allot shares are trading lower following the release of Q1 results, the reiteration of FY24 guidance, and the announcement of a new CFO.
The decline in Allot's share price is likely due to investor reaction to the Q1 results and the reiteration of FY24 guidance, which may not have met market expectations. The appointment of a new CFO adds to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100