Allot Communications (ALLT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Allot Communications (ALLT) and Dave Inc. (DAVE) have performed compared to their sector so far this year.
Allot's Q4 results highlight a continued turnaround with positive free cash flow, profitability, and significant SECaaS revenue growth, despite flattish overall revenues. The Verizon BMIS confirmation significantly expands Allot's addressable market, potentially scaling their security service to millions of Verizon business mobile subscribers at accretive pricing. Recent stock price correction is likely due to technical factors, profit-taking, and investor anxiety, however Allot's fundamentals continue to strengthen.
Allot Communications (ALLT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Looking beyond profits to a company's cash position will be far more rewarding as this highlights its true financial health. GELYY, STRL, ALLT & KINS are worth buying.
Allot Ltd. (NASDAQ:ALLT ) Q4 2024 Earnings Conference Call February 25, 2025 9:00 AM ET Company Participants Kenny Green - EK Investor Relations Eyal Harari - Chief Executive Officer Liat Nahum - Chief Financial Officer Conference Call Participants Nehal Chokshi - Northland Capital Markets David Kaynan - Kaynan Wealth Management Operator Ladies and gentlemen, thank you for standing by. Welcome to our Allot's Fourth Quarter 2024 Results Conference Call.
ALLT's top line in the fourth quarter of 2024 is expected to have increased on the back of an expanding customer base.
Allot is in the middle of switching business models. Margins have been increasing and management has been successful so far. We make an attempt at valuing the company and find that there's still upside despite the remarkable run the stock has been in.
The principle of momentum investing—though contrary to the traditional wisdom of buying low and selling high—suggests that investors can profit by buying rising stocks and selling them before they decline. As a result, momentum is typically favored in short-term and active trading strategies rather than long-term investing.
ARGX, ALLT and NGD made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 20, 2025.
TV, ALLT, CMTG, PLBC and ARGX have been added to the Zacks Rank #1 (Strong Buy) List on January 20, 2025.
Does Allot Communications (ALLT) have what it takes to be a top stock pick for momentum investors? Let's find out.