Allot Communications (ALLT) Surges 8.5%: Is This an Indication of Further Gains?

Allot Communications (ALLT) shares soared 8.5% in the last trading session to close at $5.92. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 24% gain over the past four weeks.The stock has recorded this price rise as the company benefits from growing top-tier customers and increased traction of its security solution among its customers’ subscriber base.This internet protocol services company is expected to post break-even quarterly earnings per share in its upcoming report, which represents a year-over-year change of +100%. Revenues are expected to be $24.4 million, up 0.3% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Allot Communications, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ALLT going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Allot Communications is a member of the Zacks Technology Services industry. One other stock in the same industry, Byrna Technologies Inc. (BYRN), finished the last trading session 3.5% lower at $30.06. BYRN has returned 63.5% over the past month.Byrna Technologies' consensus EPS estimate for the upcoming report has changed +300% over the past month to $0.05. Compared to the company's year-ago EPS, this represents a change of +350%. Byrna Technologies currently boasts a Zacks Rank of #2 (Buy).Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Allot Ltd. (ALLT): Free Stock Analysis Report Byrna Technologies Inc. (BYRN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks