Allot (NASDAQ:ALLT) Stock, Quote.Headers.trade-ideas

Allot

Allot Ltd is a provider of network intelligence and security solutions for service providers and enterprises. The company's solutions are deployed globally for network and application analytics, traffic control and shaping, and network-based security services. The firm's multi-service platforms are deployed by mobile, fixed, and cloud service providers and enterprises. It has a customer base in Europe, Asia and Oceania, the Americas, the Middle East, and Africa.

Earnings

News

Penny Stocks

Markets

Trading Ideas

ALLT

SPOT

Spotify (NYSE: SPOT) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to loss of $1.24 per share a year ago. These figures are adjusted for non-recurring items.

Spotify Surpasses Q1 Earnings and Revenue Estimates

Commodities

Tech

DTSS

GSIT

Marketbeat&#39;s numerous tools for investors include screens and analyses of fundamental and technical factors. The tool we&#39;re looking at today is a technical screen for golden crosses.

4 Golden Crosses With Double-Digit Upside Ahead

Price Target

Small Cap

Analyst Ratings

AINC

AVGO

HOOD

URBN

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Broadcom To Rally More Than 23%? Here Are 10 Top Analyst Forecasts For Friday

Allot Ltd

For the second half of 2024, management expects non-GAAP operating profit at around breakeven and the net cash position to not decrease.
Full year SECaaS revenue and SECaaS ARR&#x2A; are expected to continue experiencing accelerated growth at around 50% year-over-year.

Guidance

Allot Ltd Expects Adj Operating Profit Breakeven In Second Half Of 2024

Earnings Beats

Earnings Misses

Allot Q2 2024 Adj. EPS $(0.02) Beats $(0.04) Estimate, Sales $22.164M Miss $22.300M Estimate

Northland Capital Markets analyst Nehal Chokshi upgrades Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) from Market Perform to Outperform and raises the price target from $2.25 to $13.

Upgrades

Northland Capital Markets Upgrades Allot to Outperform, Raises Price Target to $13

WIIM

Allot shares are trading lower after the company reported Q1 results, reiterated FY24 guidance and named new CFO.

Financial&nbsp;Outlook
For the full year 2024, management reiterates that it expects:
<ul>
<li>Non-GAAP operating profit and net cash flow&nbsp;breakeven;</li>
<li>Continued yearly double-digit growth of&nbsp;SECaaS revenues and ARR;</li>
</ul>

Allot Reiterated Adj Operating Profit and Net Cash Flow Breakeven in FY24, Continued Yearly Double-Digit Growth of SECaaS Revenues and ARR

Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.11) by 72.73 percent. The company reported quarterly sales of $21.890 million which beat the analyst consensus estimate of $19.100 million by 14.61 percent. This is a 3.62 percent increase over sales of $21.126 million the same period last year.

Allot Q1 2024 Adj EPS $(0.03) Beats $(0.11) Estimate, Sales $21.890M Beat $19.100M Estimate

<a href="https://www.globenewswire.com/Tracker?data=NNv28VSj8UXdpCxesowGM6S0vI_9qu5hAMHy6NNPQFvUrJzaiU8UsrNp0K-65zT6sO1ZzywmoLgIHAF_-WCYgA==" target="_blank">Allot Ltd.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>, TASE: ALLT)))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced the appointment of Mrs. Liat Nahum as the new Chief Financial Officer of the Company. Nahum, who will join Allot on July 1st, 2024, brings with her significant financial and international management experience from leadership roles at publicly listed technology companies.
&quot;I am happy to welcome Liat to our executive team. She will partner with me to usher in a new chapter for Allot, with the goal of driving renewed business success. Liat brings more than twenty years of experience, great talent, and finance and business leadership at top tier hi-tech companies. I am confident that she will significantly contribute to our finance and business strategy,&quot; said Eyal Harari, Chief Executive Officer of Allot.
&quot;This is an exciting time to be joining Allot,&quot; said Liat Nahum, Allot&#39;s incoming CFO.&nbsp;&quot;I look forward to joining the leadership team, contributing the knowledge and perspective I have gained from my extensive industry experience, and playing an active role in the success of the organization.&quot;
Prior to joining Allot, Nahum served for more than 20 years in a wide range of financial leadership roles, most recently as a Strategic Business Executive and Director of Finance at Amdocs Ltd., a public NASDAQ listed,&nbsp;<a href="https://www.globenewswire.com/Tracker?data=LP8kg2Xvs3xA2o2hYmG4STdXoRI80Gm5e2GchrYqKGCEy4c7mLDWRpcGBmHraviSEC3Za0u_3ACcB_3HPc5ldXXQm4xC4kXsRikEywIc2-9OC1hN0JCihHFNLeT_yZy4" target="_blank">multinational</a>&nbsp;<a href="https://www.globenewswire.com/Tracker?data=YNg_5Ko48MrTeNXKZQg4WJkzvp_uoICkcmkiSwEP78-7edzQtnJoZB3Tf4Uyj88HBpbjPEHemThYcYhRRkrg6QRhTg4U-4UELZCFpRFw2olKm20pbdxU5rQYZrfmrhDl" target="_blank">telecommunications</a>&nbsp;technology company that specializes in software and services for communications, media and financial services providers and digital enterprises. Previously, she served as VP of Finance at Taboola Inc, a public NASDAQ listed, advertising technology company that provides content recommendation sponsored links to advertising partners.&nbsp;

Management

Allot Taps Liat Nahum of Amdocs Ltd as CFO, Effective July 1

&nbsp;<a href="https://www.globenewswire.com/Tracker?data=E6KpMdKS-SjxgPFVOm8Sze9k8OnAmBXTrj9AsdAkvb3jx62-RjsIN-WLPe4aF4MtcG3XGltrqGUQiSicLvE3FA==" target="_blank">Allot Ltd.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>, TASE: ALLT)))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced the appointment of Eyal Harari as its Chief Executive Officer effective May 6, 2024. &nbsp;He will be replacing Mr.&nbsp;Erez Antebi. &nbsp;At the request of the company&#39;s Board of Directors, Mr. Antebi&nbsp;has agreed to assist&nbsp;Mr. Harari&nbsp;during a transition period and thereafter, to continue to provide consulting services to the company.

Allot Taps Eyal Harari of Radcom Ltd as CEO, Effective May 6, 2024, Replacing Erez Antebi

Spotify (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to loss of $1.24 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this music-streaming service operator would post a loss of $0.08 per share when it actually produced a loss of $0.39, delivering a surprise of -387.50%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Spotify, which belongs to the Zacks Technology Services industry, posted revenues of $3.95 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 2.05%. This compares to year-ago revenues of $3.26 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Spotify shares have added about 44.9% since the beginning of the year versus the S&amp;P 500&#39;s gain of 5.1%.
What&#39;s Next for Spotify?
While Spotify has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Spotify: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.75 on $4.02 billion in revenues for the coming quarter and $3.50 on $16.56 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Allot Communications (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allt#NASDAQ">ALLT</a>), is yet to report results for the quarter ended March 2024.
This internet protocol services company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +52.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Allot Communications&#39; revenues are expected to be $19.1 million, down 9.6% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2259779/spotify-spot-surpasses-q1-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2259779">To read this article on Zacks.com click here.</a>

Marketbeat&#39;s numerous tools for investors include screens and analyses of fundamental and technical factors. The tool we&#39;re looking at today is a technical screen for golden crosses. A golden cross is when a shorter-term EMA, such as a 30-day or 50-day average, crosses above a longer-term EMA. Longer-term EMAs could run from 100 to 300 days, but the crossover is what matters.&nbsp;
<img alt="diseno_sin_titulo_7.png" src="https://www.benzinga.com/files/u1593113/diseno_sin_titulo_7.png" style="height:720px; width:1200px" />
Technical analysis assumes the shorter EMA represents activity by short-term oriented traders and the more extended activity by long-term oriented traders; when the short crosses over the long, it signals a convergence of markets that can lead to accelerated share price action. A convergence of markets is when one or more technical factors signal a buy, suggesting a high degree of commitment from the market. The higher the degree of commitment, the higher the price action can move.&nbsp;
<h2>Allot Communications, Ltd Is Pivoting Back to Growth</h2>
Allot, Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allt#NASDAQ">ALLT</a>) is a technology company focused on network security for enterprises and ISPs. Its stock price has fallen significantly over the last year as business contracted and analysts cut their price targets. The takeaway today is that a Golden Cross of the 30-day and 150-day EMA signals a bottom, and there is a high probability that the stock will enter a complete reversal within the next 12 months.&nbsp;
The bottom and Golden Cross aligned with recent results, which were better than expected and provided favorable guidance. The guidance isn&#39;t robust but expects flat revenue and break-even conditions in 2024, and analysts are forecasting a return to growth by year-end. Marketbeat.com tracks three analysts with reports on Allot; they rate the stock as Moderate Buy and view it as undervalued, trading below the low end of their target range.
<img alt="ALLT stock chart " class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240409095456_chart-allt-492024ver001.png" style="height:451px; width:914px" />
<h2>Datasea Inc. is Growing at a Hyper-Pace</h2>
Datasea (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dtss#NASDAQ">DTSS</a>) is a smaller 5G operator in China providing services to mobile operators, smart cities, and enterprise security. Its Golden Cross is driven by two recent news events that support the outlook for quadruple-digit growth and the potential for outperformance. The latest news was released in early March and helped confirm the technical price action.&nbsp;
The company is guiding for 1100% revenue growth this year, and the market expects growth to continue in the next fiscal year. No analysts have rated this stock, but the institutional activity is noteworthy. Institutions, including insiders and large shareholders, own more than 80% of the stock and have been buying it recently.&nbsp;
<img alt="DTSS stock chart " class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240409095509_chart-dtss-492024ver001.png" style="height:451px; width:914px" />
<h2>GSI Technology: An AI-Powered Golden Crossover</h2>
GSI Technology (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gsit#NASDAQ">GSIT</a>) is a niche semiconductor manufacturer focused on memory solutions and computer vision applications for industrial, enterprise, and government use. The company&#39;s offerings are in demand, fueling growth with a chance for hypergrowth over the next few years. A recent announcement drove the Golden Cross. The company is entering a sale-leaseback arrangement for its Sunnyvale property, which will raise $11.85 million in capital. The capital raise will help the company sustain operations as it works to launch its Gemini-II product and maintain a fortress balance sheet. The company has no debt.
<img alt="GSIT stock chart " class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240409095521_chart-gsit-492024ver001.png" style="height:451px; width:914px" />
<h2>IAC Is Turning a Corner&nbsp;</h2>
IAC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iac#NASDAQ">IAC</a>) is an omnichannel media giant with brands like Ask.com and Angi (formerly Angie&#39;s List) in its portfolio. The stock recently fired a Golden Cross in tandem with Q4 results, which were weaker than expected but pointed to a shift in business. The company intends to return to growth and profitability this year and to produce a full year of profits in 2025. Analysts like the stock and have it ranked on Marketbeat&#39;s list of Top Rated Stocks. They have it pegged at Moderate Buy and view it as a deep value, trading below the low end of their target range.&nbsp;
<img alt="" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240409095533_chart-iac-492024ver001.png" style="height:451px; width:914px" />
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/4-golden-crosses-with-double-digit-upside-ahead/">4 Golden Crosses With Double-Digit Upside Ahead</a>&quot; first appeared on MarketBeat.

&nbsp;<a href="https://www.globenewswire.com/Tracker?data=-nvwtDbZJwbbJbKxgupEZo1HbZXhfqVSr5xX8nayo8FIhRvnhGTpAHnmuqSo2WbO9McBxRbmjvt0lp8J4R1o0Q==" target="_blank">Allot Ltd.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>, TASE: ALLT)))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced that its Chief Financial Officer, Ziv Leitman, is leaving the company to assume the position of Chief Financial Officer at a promising start up company in a different field of activity. The Company has commenced a formal search for a new Chief Financial Officer. To ensure a seamless transition, Mr. Leitman&nbsp;will continue in his position through June 30, 2024.

Allot Ltd Commenced Formal Search for New CFO After Ziv Leitman Disclosed Plans to Depart to Join A Startup,

AGIO

ALKS

ALNY

AMAT

AORT

APPN

ARCH

ATRC

AUPH

BJRI

BLZE

BPMC

CBRE

CGNX

CLBT

CMBM

COHU

COIN

CORT

CRBG

CROX

CWST

DASH

DKNG

DNOW

EDRY

ELME

EPAM

GLOB

Hannon Armstrong Sustainable Infrastructure Capital

HASI

HOUS

HTGC

IDCC

IRDM

IREN

IRWD

ITGR

JMIA

KELYA

KELYB

KNSL

LBTYA

LECO

Laboratory Corporation Of America Holdings

MERC

MTRN

MYTE

NSIT

NVMI

OPEN

ORAN

OTLY

PACB

PCOR

PDFS

PENN

PRAA

PRTA

RARE

RELX

ROKU

RPRX

Earnings Scheduled For February 15, 2024

Financial&nbsp;Outlook
Looking ahead to 2024, management expectations are as follows:
<ul>
<li>Full-year 2024 non-GAAP operating profit and free cash flow&nbsp;breakeven</li>
<li>Continued double-digit growth of SECaaS revenues and ARR</li>
</ul>

Allot Ltd Expects 2024 Adj Operating Profit and Free Cash Flow Breakeven, Continued Double-Digit Growth of SECaaS Revenues and ARR

Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) reported quarterly losses of $(0.43) per share which missed the analyst consensus estimate of $(0.16) by 168.75 percent. This is a 230.77 percent decrease over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $24.34 million which beat the analyst consensus estimate of $22.26 million by 9.35 percent. This is a 26.30 percent decrease over sales of $33.03 million the same period last year.

Allot Q4 Adj EPS $(0.43) Misses $(0.16) Estimate, Sales $24.34M Beat $22.26M Estimate

Allot Reports Preliminary Results: Expects FY23 Total ARR To Be Within The Previously Guided Range Of $51M-$53M

Needham has decided to maintain its Buy rating of Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) and lower its price target from $4.00 to $2.50.
Shares of Allot are trading up 0.0% over the last 24 hours, at $1.36 per share.
A move to $2.50 would account for a 83.82% increase from the current share price.
<h3>About Allot</h3>
Allot Ltd is a provider of leading innovative network intelligence and security solutions for service providers and enterprises. The company's solutions are deployed globally for network and application analytics, traffic control and shaping, and network-based security services. The firm's multi-service platforms are deployed by over 500 mobile, fixed, and cloud service providers and over 1000 enterprises.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Needham Maintains Buy Rating for Allot: Here's What You Need To Know

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="http://benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keybanc raised Broadcom Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>) price target from $1,000 to $1,200. Keybanc analyst John Vinh maintained an Overweight rating. Broadcom shares fell 0.9% to close at $972.00 on Wednesday. <a href="https://www.benzinga.com/quote/AVGO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank increased the price target for HUTCHMED (China) Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcm#NASDAQ">HCM</a>) from $20 to $22.1. Deutsche Bank analyst Cyrus Ng upgraded the stock from Hold to Buy. HUTCHMED shares rose 0.4% to close at $18.24 on Wednesday. <a href="https://www.benzinga.com/quote/HCM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham slashed Allot Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allt#NASDAQ">ALLT</a>) price target from $4 to $2.5. Needham analyst Alex Henderson maintained a Buy rating. Allot shares closed at $1.36 on Wednesday. <a href="https://www.benzinga.com/quote/ALLT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup cut the price target for LexinFintech Holdings Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lx#NASDAQ">LX</a>) from $3.86 to $2.12. Citigroup analyst Judy Zhang downgraded the stock from Buy to Neutral. LexinFintech shares gained 3.4% to $2.11 in pre-market trading. <a href="https://www.benzinga.com/quote/LX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley cut the price target for American Eagle Outfitters, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aeo#NYSE">AEO</a>) from $14 to $13. Morgan Stanley analyst Kimberly Greenberger maintained an Underweight rating. American Eagle shares rose 0.7% to $16.90 in pre-market trading. <a href="https://www.benzinga.com/quote/AEO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer slashed Ashford Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ainc#NYSE">AINC</a>) price target from $17 to $14. Oppenheimer analyst Tyler Batory maintained an Outperform rating. Ashford shares gained 3.1% to close at $5.34 on Wednesday. <a href="https://www.benzinga.com/quote/AINC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley lowered Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) price target from $12 to $11. Morgan Stanley analyst Michael Cyprys maintained an Equal-Weight rating. Robinhood shares rose 0.2% to $8.23 in pre-market trading. <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities cut the price target for Companhia Energ&eacute;tica de Minas Gerais - CEMIG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cig#NYSE">CIG</a>) from $3.2 to $2.6. B of A Securities analyst Arthur Pereira downgraded the stock from Buy to Neutral. Companhia Energ&eacute;tica de Minas Gerais shares fell 4.8% to $2.17 in pre-market trading. <a href="https://www.benzinga.com/quote/CIG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut Urban Outfitters, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/urbn#NASDAQ">URBN</a>) price target from $42 to $36. Morgan Stanley analyst Alex Straton downgraded the stock from Overweight to Equal-Weight. Urban Outfitters shares fell 1.1% to $31.46 in pre-market trading. <a href="https://www.benzinga.com/quote/URBN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HSBC raised Linde plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lin#NASDAQ">LIN</a>) price target from $440 to $447. HSBC analyst Martin Evans maintained a Buy rating. Linde shares fell 0.1% to close at $411.62 on Wednesday. <a href="https://www.benzinga.com/quote/LIN/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/23/11/35936455/walmart-best-buy-and-3-stocks-to-watch-heading-into-friday"> Walmart, Best Buy And 3 Stocks To Watch Heading Into Friday </a>

Needham analyst Alex Henderson maintains Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) with a Buy and lowers the price target from $4 to $2.5.

Needham Maintains Buy on Allot, Lowers Price Target to $2.5

Shares of The Children&#39;s Place, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) moved lower during Thursday&rsquo;s session following <a href="https://www.benzinga.com/calendars/earnings">weak quarterly earnings.</a>
Children&#39;s Place posted adjusted earnings of $3.22 per share, missing market estimates of $3.56 per share. The company&rsquo;s quarterly sales came in at $480.23 million versus estimates of $471.82 million, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Children&#39;s Place shares tumbled 25.6% to $21.23 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>WaveDancer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wavd#NASDAQ">WAVD</a>) climbed 80.1% to $2.7201 after the company inked a definitive merger agreement with Firefly Neuroscience in an all-stock transaction.</li>
<li>Apollomics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aplm#NASDAQ">APLM</a>) shares climbed 51.7% to $1.3199 after the company reported the first approval of vebreltinib for MET exon 14 skip non-small cell lung cancer.</li>
<li>Dermata Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drma#NASDAQ">DRMA</a>) gained 29.4% to $0.8426. Dermata Therapeutics announced agreement with the U.S. FDA on the DMT310 Phase 3 clinical protocols for the treatment of acne.</li>
<li>Janover Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jnvr#NASDAQ">JNVR</a>) gained 20.1% to $0.8478. Janover announced a $1 million share repurchase program.</li>
<li>Advent Technologies Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adn#NASDAQ">ADN</a>) gained 16.4% to $0.5360 as the company received funding update for &euro;60 million to launch Green HiPo IPCEI project.</li>
<li>SenesTech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snes#NASDAQ">SNES</a>) rose 16% to $0.2099. SenesTech announced a 1-for-12 reverse stock split.</li>
<li>Sonos, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sono#NASDAQ">SONO</a>) gained 13.2% to $12.85 following upbeat fourth-quarter results.</li>
<li>Universal Technical Institute, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uti#NYSE">UTI</a>) climbed 11.7% to $10.83 following strong quarterly sales.</li>
<li>NICE Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nice#NASDAQ">NICE</a>) gained 8.6% to $194.52 after the company reported third-quarter results.</li>
<li>Lavoro Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lvro#NASDAQ">LVRO</a>) climbed 8.5% to $6.75.</li>
<li>Macy&#39;s, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/m#NYSE">M</a>) surged 7.4% to $13.55 after it reported third-quarter FY23 earnings.</li>
<li>Kulicke and Soffa Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/klic#NASDAQ">KLIC</a>) gained 7% to $50.05 after the company posted upbeat fourth-quarter results and raised its quarterly dividend.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Volcon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vlcn#NASDAQ">VLCN</a>) shares dipped 67.1% to $0.2140 after the company announced pricing of $18 million underwritten public offering.</li>
<li>NLS Pharmaceutics AG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nlsp#NASDAQ">NLSP</a>) tumbled 39% to $0.3001. NLS Pharmaceutics announced selection of strategic partner and securing a bridge loan.</li>
<li>Homology Medicines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fixx#NASDAQ">FIXX</a>) fell 36% to $0.56. Q32 Bio and Homology Medicines have agreed to combine in an all-stock transaction.</li>
<li>Augmedix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/augx#NASDAQ">AUGX</a>) shares fell 18.5% to $4.4255 after the company reported pricing of upsized public offering of 6,250,000 shares of common stock.</li>
<li>Siyata Mobile Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syta#NASDAQ">SYTA</a>) declined 14.1% to $0.55 following weak quarterly sales.</li>
<li>Gambling.com Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gamb#NASDAQ">GAMB</a>) fell 12.8% to $11.89 following quarterly results.</li>
<li>ProKidney Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prok#NASDAQ">PROK</a>) fell 12.5% to $1.2150. ProKidney recently posted a third-quarter loss of 18 cents per share.</li>
<li>Reborn Coffee, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rebn#NASDAQ">REBN</a>) dropped 12.5% to $0.35. Reborn Coffee recently posted a third-quarter loss of 23 cents per share.</li>
<li>VNET Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vnet#NASDAQ">VNET</a>) fell 12.2% to $3.1080 following third-quarter results.</li>
<li>Cisco Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>) shares fell 11.8% to $47.00. Cisco reported upbeat earnings for its first quarter but lowered its earnings and sales projections for FY24.</li>
<li>Bit Brother Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bets#NASDAQ">BETS</a>) fell 11.6% to $0.0265. Bit Brother received Nasdaq delisting letter regarding bid price deficiency.</li>
<li>Chemomab Therapeutics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmmb#NASDAQ">CMMB</a>) fell 11.4% to $0.7239. Chemomab Therapeutics shares jumped 34% on Wednesday after the company announced it received FDA fast track designation for CM-101 for the treatment of primary sclerosing cholangitis.</li>
<li>Allot Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allt#NASDAQ">ALLT</a>) declined 10% to $1.52 following weak third-quarter results.</li>
<li>Pediatrix Medical Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/md#NYSE">MD</a>) fell 9.5% to $8.87. The company recently posted weak quarterly results.</li>
<li>Walmart Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) fell 7.2% to $157.58 after the company reported third-quarter financial results.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/maxn#NASDAQ">MAXN</a>) declined 7% to $5.68 following third-quarter results.</li>
<li>Palo Alto Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/panw#NASDAQ">PANW</a>) fell 5.8% to $241.46 after reporting first-quarter results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/11/35820854/jim-cramer-says-this-is-not-the-time-to-sell-this-online-gaming-platform-stock"> Jim Cramer Says &#39;This Is Not The Time To Sell&#39; This Online Gaming Platform Stock</a>

Intraday Update

Movers

APLM

AUGX

BETS

Chemomab Therapeutics Ltd. - American Depositary Shares

CMMB

CSCO

DRMA

FIXX

GAMB

JNVR

KLIC

LVRO

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

NICE

NLSP

PANW

PLCE

PROK

REBN

SNES

SONO

SYTA

VLCN

VNET

WAVD

Why Children's Place Shares Are Trading Lower By Around 25%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

<h3>Companies Reporting Before The Bell</h3>
&bull; Children&#39;s Place (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) is projected to report quarterly earnings at $3.56 per share on revenue of $471.82 million.
&bull; Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $11.90 million.
&bull; Borr Drilling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BORR#NYSE">BORR</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $191.00 million.
&bull; Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $328.26 million.
&bull; Brady (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) is projected to report quarterly earnings at $0.93 per share on revenue of $340.92 million.
&bull; Alibaba Gr Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) is estimated to report quarterly earnings at $2.12 per share on revenue of $30.79 billion.
&bull; Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) is estimated to report quarterly loss at $0.66 per share on revenue of $315.88 million.
&bull; Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is expected to report quarterly earnings at $1.41 per share on revenue of $149.82 billion.
&bull; BrightView Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $746.78 million.
&bull; Dole (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $2.19 billion.
&bull; NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) is expected to report quarterly earnings at $1.45 per share on revenue of $3.81 billion.
&bull; Youdao (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAO#NYSE">DAO</a>) is projected to report quarterly loss at $0.07 per share on revenue of $229.45 million.
&bull; Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $1.56 billion.
&bull; Stratasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $162.54 million.
&bull; Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) is likely to report quarterly loss at $0.27 per share on revenue of $23.13 million.
&bull; OneWater Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEW#NASDAQ">ONEW</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $416.40 million.
&bull; Atour Lifestyle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) is estimated to report earnings for its third quarter.
&bull; Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) is estimated to report earnings for its third quarter.
&bull; Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) is likely to report earnings for its third quarter.
&bull; Dingdong (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDL#NYSE">DDL</a>) is estimated to report earnings for its third quarter.
&bull; Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $1.11 billion.
&bull; Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $1.58 billion.
&bull; Macy&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $4.79 billion.
&bull; NICE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) is projected to report quarterly earnings at $2.15 per share on revenue of $595.19 million.
&bull; Berry Global Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BERY#NYSE">BERY</a>) is estimated to report quarterly earnings at $2.11 per share on revenue of $3.15 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Globus Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBS#NASDAQ">GLBS</a>) is projected to report earnings for its third quarter.
&bull; Zenvia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) is estimated to report earnings for its third quarter.
&bull; Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $990.66 million.
&bull; Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) is likely to report quarterly earnings at $1.48 per share on revenue of $544.65 million.
&bull; Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) is estimated to report quarterly earnings at $1.12 per share on revenue of $164.13 million.
&bull; American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $28.00 million.
&bull; Qifu Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $569.27 million.
&bull; voxeljet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VJET#NASDAQ">VJET</a>) is expected to report quarterly loss at $0.48 per share on revenue of $6.51 million.
&bull; Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) is expected to report quarterly earnings at $1.88 per share on revenue of $6.14 billion.
&bull; Woodward (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) is likely to report quarterly earnings at $1.31 per share on revenue of $765.35 million.
&bull; Post Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>) is expected to report quarterly earnings at $1.18 per share on revenue of $1.92 billion.
&bull; Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) is likely to report quarterly earnings at $0.90 per share on revenue of $483.00 million.
&bull; Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $285.00 million.
&bull; Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) is projected to report earnings for its third quarter.
&bull; Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) is estimated to report quarterly earnings at $1.21 per share on revenue of $4.82 billion.
&bull; Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) is projected to report earnings for its fourth quarter.
&bull; ESCO Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESE#NYSE">ESE</a>) is likely to report quarterly earnings at $1.22 per share on revenue of $266.27 million.
&bull; Beazer Homes USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) is likely to report quarterly earnings at $1.39 per share on revenue of $627.29 million.
&bull; Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $3.61 billion.
&bull; Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $290.20 million.
&bull; UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is projected to report quarterly loss at $0.06 per share on revenue of $1.92 billion.
&bull; ZTO Express (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $1.36 billion.
&bull; PagSeguro Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAGS#NYSE">PAGS</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $791.87 million.
&bull; Compass Minerals Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $231.26 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

AMSWA

ARCO

ATAT

BABA

BBWI

BERY

BORR

CPRT

DOLE

ELTK

GEOS

GLBS

HAYN

MATW

NGVC

NTES

ONEW

PAGS

POST

QFIN

ROST

SCVL

SSYS

VJET

ZENV

Earnings Scheduled For November 16, 2023

American Airlines, Bank OZK, Biohaven among premarket losers' pack

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Allot (NASDAQ:<a href="https://investorplace.com/stock-quotes/allt-stock-quote/">ALLT</a>) just reported results for the first quarter of 2024.<ul><li>Allot reported earnings per share of -3 cents. This was above the analyst estimate for EPS of -11 cents.</li><li>The company reported revenue of $21.89 million.</li><li>This was 14.61% better than the analyst estimate for revenue of $19.10 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/earning-results/2024/05/allt-stock-earnings-allot-for-q1-of-2024/">ALLT Stock Earnings: Allot Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

ALLT Stock Earnings: Allot Beats EPS, Beats Revenue for Q1 2024

Allot Ltd. (ALLT) Q1 2024 Earnings Call Transcript

Northland Securities analyst Nehal Chokshi maintained a Hold rating on Allot (ALLT – Research Report) today and set a price target of $2.25. The co...

Allot (ALLT) Receives a Rating Update from a Top Analyst

Allot Q2 2024 Earnings Preview

Here's the major earnings before the open tomorrow

Allot reports mixed Q2 results; reaffirms FY24 outlook

Allot (ALLT) has released an update. Allot Ltd. reports stable Q2 2024 revenues of $22.2 million, with a significant reduction in operating loss an...

Allot Steadies in Q2 with Growth in SECaaS

Allot Ltd. (ALLT) Q2 2024 Earnings Call Transcript

In a report released today, Nehal Chokshi from Northland Securities reiterated a Buy rating on Allot (ALLT – Research Report), with a price target ...

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Allot

Allot (ALLT) Forecast

Allot (NASDAQ:ALLT) Stock, Quote.Headers.trade-ideas