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Why Allot Stock Jumped a Lot Today

TheMotleyFool

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Shares of Allot (NASDAQ: ALLT) have jumped a lot today, up as much as 14%, after the company reported fourth-quarter earnings. As of 11:10 a.m. EST, the stock was up 7%.

Revenue in the fourth quarter increased 28% to $39.1 million, slightly ahead of the consensus estimate of $38.9 million. That resulted in adjusted net income of approximately $400,000, or $0.01 per share. That bottom-line result was right on target compared to what Wall Street analysts were modeling for. The technology company, which provides network intelligence and security services, said maximum annual revenue (MAR) potential of concluded transactions reached $192 million for 2020.

Image source: Getty Images.

Source Fool.com

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