HOD-HASHARON, Israel (AP) — HOD-HASHARON, Israel (AP) — Allot Communications Ltd. (ALLT) on Tuesday reported a loss of $11.4 million in its first quarter.
On a per-share basis, the Hod-Hasharon, Israel-based company said it had a loss of 30 cents. Losses, adjusted for one-time gains and costs, were 21 cents per share.
The internet protocol services company posted revenue of $21.1 million in the period.
Allot Communications expects full-year revenue in the range of $110 million to $120 million.
The company’s shares closed at $2.80. A year ago, they were trading at $5.27.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALLT at https://www.zacks.com/ap/ALLT
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
