HOD-HASHARON, Israel (AP) — HOD-HASHARON, Israel (AP) — Allot Communications Ltd. (ALLT) on Thursday reported a loss of $1.7 million in its second quarter.
The Hod-Hasharon, Israel-based company said it had a loss of 4 cents per share. Earnings, adjusted for stock option expense and to extinguish debt, came to 3 cents per share.
The internet protocol services company posted revenue of $24.1 million in the period.
Allot Communications expects full-year revenue in the range of $98 million to $102 million.
Allot Communications shares have increased 34% since the beginning of the year. The stock has more than doubled in the last 12 months.
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