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Allot Communications Posts Q1 Adjusted Loss, Revenue Rises; Reiterates Full-Year 2021 Outlook

05/11/2021 01:46

05:44 AM EDT, 05/11/2021 (MT Newswires) -- Allot Communications (ALLT) reported an adjusted loss of $0.06 per diluted share for Q1 on Tuesday, compared to an adjusted loss of $0.01 per share a year ago.

The consensus estimate of analysts polled by Capital IQ was for an adjusted loss of $0.12 per share.

Net revenue for the quarter ended March 31 was $31.2 million, up from $29.3 million a year ago.

Analysts polled by Capital IQ expected revenue of $31.9 million.

Looking ahead, the company reiterated its fiscal full-year 2021 outlook for revenue growth to be between $145 million and $150 million.

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