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Stock Market & Financial Investment News

News Breaks
January 15, 2014
10:05 EDTALLTAllot Communications initiated with a Buy at Dougherty
Target $19.
News For ALLT From The Last 14 Days
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July 6, 2015
15:55 EDTALLTAllot Communications downgraded to Hold from Buy at Wunderlich
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11:44 EDTALLTAllot Communications downgraded to Neutral from Buy at Dougherty
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11:28 EDTALLTAllot Communications downgraded to Perform from Outperform at Oppenheimer
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09:15 EDTALLTOn The Fly: Pre-market Movers
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05:23 EDTALLTAllot Communications announces three strategic wins totaling $8M
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05:21 EDTALLTAllot Communications sees Q2 revenue $21M-$22M, consensus $30.43M
Based on preliminary estimates, Allot Communications expects revenue in Q2 to be in the range of $21M-$22M. The company also expects to generate a net operating loss in the quarter. Allot's book to bill ratio in Q2 was above 1 and cash reserves comprise of cash, cash equivalents, bank deposits and marketable securities as of June 30 were approximately $120M. "We are disappointed by the Q2 preliminary results and attribute this weakness to lower bookings in Q1 as well as delays in closing certain deals during Q2". Said Andrei Elefant, CEO and president of Allot Communications. "During Q2, our bookings rebounded and included three wins totaling approximately $8M from new Tier-1 mobile operators. We expect initial revenue recognition from these wins during the second half of 2015."

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