Allot Ltd. reports Q4 EPS (43c), consensus (16c)

Reports Q4 revenue $24.34M, consensus $22.26M. Erez Antebi, president and CEO of Allot, commented, “2023 represented a year with significant challenges on multiple fronts. While the macro economic environment and service provider spending remain challenging, we are controlling what we can control. As we announced in prior quarters, we have taken aggressive actions to align our expense footprint with the expected revenue level going ahead. Our goal is to bring the business back to profitability while investing in our long-term growth engine, Security as a Service (SECaaS).”