Seeking Alpha

Allot jumps in spite of Q3 miss; $12M deal lifts bookings

  • Low expectations are helping Allot (ALLT +6.6%) rally in the face of a Q3 miss. Also helping: Allot says it received a $12M expansion order - no small deal for a company with Q3 sales of $24.1M - from an unnamed tier-1 Asia-Pac wireline carrier. Thanks in part to the order, Allot's Q3 book-to-bill was above 1.
  • Q3 revenue fell 14% Y/Y; sales had fallen 19% Y/Y in Q2, something Allot blamed in July on "unfulfilled revenue recognition" for a $5M deal. While sales fell, opex rose 13% to $19.5M.
  • Large orders were received from 14 carriers, of which 2 were new customers. That compares with large orders from 13 carriers (3 new) in Q2. Four large orders were provided by mobile carriers, down from 6 in Q2.
  • Rival Procera (PKT +2.8%), which reports on Nov. 4, is up sympathy.

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Comments (1)
  • swy000
    , contributor
    Comments (67) | Send Message
     
    I would think PKT is up because they announced 2-3 multi-million dollar order in the past month or two... and they report next week.
    Their revenue last quarter about 18mm... market maybe pricing that in. Not sympathy.

     

    Disc: long PKT
    29 Oct 2013, 03:41 PM Reply Like
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