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.
_____
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
/AI%20(artificial%20intelligence)/Artificial%20intelligence%20and%20machine%20learning%20concept%20-%20by%20amgun%20via%20iStock.jpg)
/Broadcom%20Inc%20logo%20on%20building-by%20Poetra_%20RH%20via%20Shutterstock.jpg)
/Oracle%20Corp_%20logo%20on%20phone-by%20WonderPix%20via%20Shutterstock.jpg)
/amazon%20holiday%20delivery%20boxes%20by%20Cineberg%20via%20iStock.jpg)