Allot Communications (ALLT) Tops Q3 EPS by 6c, provides outlook

Allot Communications (NASDAQ: ALLT) reported Q3 EPS of $0.03, $0.06 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $23.2 million versus the consensus estimate of $22.8 million.

Financial Outlook

For the fourth quarter of 2024, Allot management expects to remain around breakeven on a non-GAAP operating profit basis and to generate positive operating cash flow, contributing to a further improvement in the balance sheet net cash position.

Management expects a double-digit growth year over year for full year SECaaS revenue and SECaaS ARR*.

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

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