Allot Q2 2024 Adj. EPS $(0.02) Beats $(0.04) Estimate, Sales $22.164M Miss $22.300M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allot reported a Q2 2024 adjusted EPS of $(0.02), beating the estimate of $(0.04). However, its sales of $22.164 million missed the expected $22.300 million.
August 27, 2024 | 10:15 am
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NEUTRAL IMPACT
Allot's Q2 2024 adjusted EPS of $(0.02) exceeded expectations, but sales fell short of estimates. This mixed result may lead to a neutral or slightly positive short-term impact on the stock.
The better-than-expected EPS suggests cost management or other efficiencies, which is positive. However, missing sales estimates indicates potential challenges in revenue generation. The mixed results may balance each other out, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100