Allot Communications (Nasdaq: ALLT) is expected to report Q2 earnings on July 31. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Allot Communications' revenues will grow 35.3% and EPS will grow 40.0%.

The average estimate for revenue is $25.0 million. On the bottom line, the average EPS estimate is $0.14.

Revenue details
Last quarter, Allot Communications chalked up revenue of $24.2 million. GAAP reported sales were 41% higher than the prior-year quarter's $17.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.15. GAAP EPS of $0.10 for Q1 were 67% higher than the prior-year quarter's $0.06 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 71.5%, 30 basis points worse than the prior-year quarter. Operating margin was 11.5%, 210 basis points better than the prior-year quarter. Net margin was 13.4%, 390 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $105.8 million. The average EPS estimate is $0.61.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 110 members out of 119 rating the stock outperform, and nine members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give Allot Communications a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Allot Communications is outperform, with an average price target of $22.40.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.