UPDATE: Allot Communications Posts In-Line Q4 Earnings

reported in-line earnings for the fourth quarter. The Hod-Hasharon, Israel-based company posted a quarterly loss of $2.3 million, or $0.07 per share, versus a year-ago profit of $1.2 million, or $0.04 per share. Excluding items, the company earned $0.10 per share. Its revenue climbed to $30.6 million from $27.3 million. However, analysts were expecting earnings of $0.10 per share on revenue of $30.96 million. Non-GAAP gross margin came in at 77% in the quarter, while non-GAAP operating margin was 10% in the same period. As of December 31, 2014, net cash totaled $132.5 million. Andrei Elefant, President & CEO of Allot Communications said, "While book to bill was slightly above one, we demonstrated additional improvement in our gross margin and generated more than $8 million of operating cash flow. During 2015, we expect the current trends of monetization and intensifying demand for security services to continue to serve as a key catalyst for our growth." Allot Communications shares rose 1.14% to $8.85 in pre-market trading.