Allot plunges on lower annual and Q3 revenue forecast

Allot

16/08/2022 13:58

** U.S.-listed shares of security solutions provider Allot
Ltd  ALLT.O   ALLT.TA  fell 7.5% to $4.94
    ** ALLT set to open at its lowest in a month
    ** Co forecast annual revenue between $125 mln and $130 mln,
below estimates of $136.91 mln, according to data from Refinitiv
    ** It also expects revenue in current quarter to be nearly
$25 mln, also below estimates of $34.87 mln, according to data
from Refinitiv
    ** Total revenue for Q2 2022 fell to $32.8 mln compared with
$35.3 mln a year ago  urn:newsml:reuters.com:*:nPn8nMqfQa
    ** At previous close, ALLT fell 55% YTD

 (Reporting by Mehnaz Yasmin in Bengaluru)
 ((Mehnaz.Yasmin@thomsonreuters.com))