Allot Communications (ALLT) Surges 8.5%: Is This an Indication of Further Gains?
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Allot Communications (ALLT) experienced an 8.5% surge in share price with above-average trading volume. However, current earnings estimate revisions do not indicate further strength.
December 30, 2024 | 2:00 pm
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Allot Communications (ALLT) saw an 8.5% increase in share price with high trading volume, but earnings estimate revisions do not support further gains.
The 8.5% surge in ALLT's share price was driven by above-average trading volume, indicating strong investor interest. However, the lack of positive earnings estimate revisions suggests that this price increase may not be sustainable in the short term.
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