Allot Beats Estimates

Allot Communications Ltd. (ALLT - Analyst Report) reported a second-quarter loss of 5 cents per share, which came in ahead of the Zacks Consensus Estimate. This compares with a net loss of 17 cents per share in the year-ago period. Total quarterly revenue increased 6% year over year to $10 million.

Excluding the impact of stock-based compensation and devaluation of auction-rate securities, quarterly net loss was 2 cents per share compared with a loss of 9 cents a year ago. Witnessing growth opportunities primarily in the mobile market, Allot signed an agreement with a tier 1 mobile operator group during the quarter which generated initial orders of approximately $5 million.

More than 20 service providers worldwide are using the company’s Service Gateway platform. During the quarter, Allot concluded 15 large deals with service providers, of which 6 were from new customers. The company also released MediaSwift as part of its value-added services offering.

As of June 30, Allot had no long-term debt and its cash, cash equivalents, deposits and investments in marketable securities totaled $54.8 million. Shareowner’s equity was $60.8 million.

Allot Communications is a designer and developer of broadband service optimization solutions using advanced deep packet inspection (DPI) technology. Its solutions provide broadband service providers and enterprises with real-time, highly granular visibility into and control of network traffic and enable them to efficiently and effectively manage and optimize their networks.