Allot Communications Q3: Net Income Surges, Stock Soars

Allot Communications, an internet protocol services firm, reported a net income of $2.8 million in Q3, a significant turnaround from last years loss. The company saw a profit of $0.07 per share, rising to $0.10 per share after adjustments. Revenue reached $26.4 million, with full-year projections between $100 million and $103 million. The stock has surged by 44% this year and over 100% in the past year, reflecting strong investor confidence.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.