0

Allot Communications Ltd. (NASDAQ:ALLT) – Allot Shares Fall On Narrowing FY21 Revenue Outlook


Allot Shares Fall On Narrowing FY21 Revenue Outlook

  • Allot Ltd (NASDAQ: ALLT) reported third-quarter FY21 income progress of 10% year-on-year to $38.2 million, beating the estimate of $37 million.
  • Margin: The non-GAAP gross margin expanded 140 bps to 70.4%.
  • Non-GAAP EPS lack of $0.00 beats the analyst estimate lack of $(0.05).
  • Allot held $99.2 million in money and equivalents and used $5.5 million in working money move.
  • “Our DPI enterprise is exhibiting strong outcomes as we proceed to enroll new prospects and develop our market share,” CEO Erez Antebi mentioned.
  • Outlook: Allot sees FY21 income of $145 million – $146 million (prior view $145 million – $150 million).
  • Allot sees SECaaS revenues of $4.1 million – 4.3 million for 2021 and $10 million – $15 million in 2022.
  • Allot sees SECaaS revenues of $20 million – $30 million for the 12 months of July 2022 and June 2023.
  • Allot sees an ARR of $5 million – $6 million in December 2021 and $20 million – $30 million in December 2022.
  • Worth Motion: ALLT shares traded decrease by 8.11% at $14.50 within the premarket session on the final verify Tuesday.

 

admin

Leave a Reply

Your email address will not be published. Required fields are marked *