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Tuesday, Jul 31
2012, 1:22 PM
Allot (ALLT -5.7%) slumps following its Q2 report. Though results beat estimates, the provider...
Allot (ALLT -5.7%) slumps following its Q2 report. Though results beat estimates, the provider of deep packet inspection gear expressed worries on its earnings call about the impact of weak European demand - the continent accounted for 40% of sales in Q2, down from Q1's 73%. Allot also announced the acquisition of Oversi Networks, a provider of content delivery network hardware for service providers (previous), for up to $21M. Oversi is expected to contribute $2M in quarterly revenue.