HOD HASHARON, Israel,
July 6, 2015 /PRNewswire/ --
Allot Communications Ltd. (NASDAQ, TASE: ALLT), a leading global
provider of intelligent broadband solutions that empowers
communication service providers to optimize and monetize their
networks, enterprises to enhance productivity and consumers to
improve their digital lifestyle, today announced preliminary
results for the second quarter of 2015.
Based on preliminary estimates, the company expects revenue in
the second quarter of 2015 to be in the range of $21-$22 million. The Company also expects to
generate a net operating loss in the quarter. Allot's book to bill
ratio in the second quarter was above 1 and cash reserves comprise
of cash, cash equivalents, bank deposits and marketable securities
as of June 30, 2015 were
approximately $120 million.
"We are disappointed by the second quarter preliminary results
and attribute this weakness to lower bookings in the first quarter
as well as delays in closing certain deals during the second
quarter". Said Andrei Elefant, CEO
and President of Allot Communications. "During the second quarter,
our bookings rebounded and included three wins totaling
approximately $8 million from new
Tier-1 mobile operators. We expect initial revenue recognition from
these wins during the second half of 2015."
2015 Outlook
Based on its current pipeline and backlog, the Company expects
2015 revenues to range between $100-$105
million for full year 2015.
Conference Call & Webcast:
The Allot management team will host a conference call for
investors at 8:30 a.m. Eastern time,
today. To access the conference call, please dial one of the
following numbers: US: +1646-254-3360, UK: +44(0)203427-1912,
Israel: +97237630145, participant
code 8231718. The conference call replay will be available for 30
days. To access the call's replay, please dial one of the following
numbers: US: 1-347-366-9565, UK: +44(0)20-3427 0598, passcode:
8231718#
About Allot Communications
Allot Communications Ltd. (NASDAQ, TASE: ALLT) empowers service
providers to monetize and optimize their networks, enterprises to
enhance productivity and consumers to enjoy an always-on digital
lifestyle. Allot's advanced DPI-based broadband solutions identify
and leverage network intelligence to analyze, protect, improve and
enrich mobile, fixed and cloud service delivery and user
experience. Allot's unique blend of innovative technology, proven
know-how and collaborative approach to industry standards and
partnerships enables network operators worldwide to elevate their
role in the digital lifestyle ecosystem and to open the door to a
wealth of new business opportunities. For more information, please
visit http://www.allot.com.
Safe Harbor Statement
This release contains forward-looking statements, which express
the current beliefs and expectations of Company management. Such
statements involve a number of known and unknown risks and
uncertainties that could cause our future results, performance or
achievements to differ significantly from the results, performance
or achievements set forth in such forward-looking statements.
Important factors that could cause or contribute to such
differences include risks relating to: our ability to compete
successfully with other companies offering competing technologies;
the loss of one or more significant customers; consolidation of,
and strategic alliances by, our competitors, government regulation;
the timing of completion of key project milestones which impact the
timing of our revenue recognition; lower demand for key value-added
services; our ability to keep pace with advances in technology and
to add new features and value-added services; managing lengthy
sales cycles; operational risks associated with large projects; our
dependence on third party channel partners for a material portion
of our revenues; court approval of the Company's proposed share
buy-back program; and other factors discussed under the heading
"Risk Factors" in the Company's annual report on Form 20-F filed
with the Securities and Exchange Commission. Forward-looking
statements in this release are made pursuant to the safe harbor
provisions contained in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are made only as of
the date hereof, and the company undertakes no obligation to update
or revise the forward-looking statements, whether as a result of
new information, future events or otherwise.
Investor Relations Contact:
Rami Rozen
AVP Corporate Development
International access code +972-52-569-4441
rrozen@allot.com
SOURCE Allot Communications Ltd.