Allot Communications Ltd. (NASDAQ:ALLT) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.29%.
Allot Communications Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 86.67% to $0.02 in the quarter versus EPS of $0.15 in the year-earlier quarter.
Revenue: Rose 9.85% to $24.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Allot Communications Ltd. reported adjusted EPS income of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0.11. It missed the average revenue estimate of $27.52 million.
Quoting Management: “The DPI market has evolved from selling boxes to incorporating DPI technology into solutions that help service providers address specific business issues. Allot’s expansion of its product portfolio over the past few years, including its recent acquisitions of Ortiva Wireless and Oversi, enable it to provide integrated offerings to manage one of operators’ most pressing challenges, that of rapidly rising video consumption,” said Shira Levine, Directing Analyst, Service Enablement and Subscriber Intelligence at Infonetics Research.
Key Stats (on next page)…