Allot Misses Q1 Revenue, FY21 Revenue Guidance Falls Short
Portfolio Pulse from Anusuya Lahiri
Allot Ltd (NASDAQ: ALLT) reported Q1 FY21 revenue growth of 6% to $31.2 million, missing the consensus of $31.92 million. The company also provided FY21 revenue guidance below expectations. Despite a non-GAAP net loss, Allot beat EPS expectations. The company highlighted a partnership with DISH Network for 5G security.
May 11, 2021 | 2:31 pm
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POSITIVE IMPACT
DISH Network's partnership with Allot Ltd to secure their 5G network highlights the importance of security in 5G. This partnership could enhance DISH's 5G offerings and customer security services.
The partnership with Allot Ltd for 5G security services is a strategic move for DISH Network, potentially enhancing its 5G offerings and customer security services, which could positively impact its stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Allot Ltd missed Q1 revenue estimates and provided lower FY21 guidance, leading to a 3.61% drop in share price. Despite a net loss, EPS beat expectations. The partnership with DISH Network for 5G security is a positive development.
Allot's Q1 revenue miss and lower FY21 guidance negatively impacted its stock price. However, the EPS beat and partnership with DISH Network for 5G security could provide future growth opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100