Allot Communications (ALLT) Tops Q3 EPS by 2c

Allot Communications (NASDAQ: ALLT) reported Q3 EPS of ($0.02), $0.02 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $23.5 million versus the consensus estimate of $25.04 million.

Allot Communications reiterated FY2015 revenue of $100-105 million, versus the consensus of $102.74 million.

"During the third quarter of 2015, our revenues and booking grew sequentially and we expect further sequential increase in the fourth quarter. We are also pleased with the strong momentum of our security segment," said Mr. Andrei Elefant, President & CEO of Allot Communications. "We continue to control our OPEX and align it with the revenue level without compromising our future growth," added Mr. Elefant. "We are encouraged with the new win of over $10 million that we booked in the beginning of the fourth quarter from an existing customer and we expect to recognize the majority of this order during 2016. This win together with the current backlog and prospects make us believe that we will return to growth in 2016," concluded Mr. Elefant.

For earnings history and earnings-related data on Allot Communications (ALLT) click here.

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