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What: Shares of Allot Communications (NASDAQ:ALLT) have recovered somewhat from an opening plunge that sent their value 11% lower, and currently sit on a 5% loss as of this writing. Investors reversed yesterday's big gain after Allot reported underwhelming quarterly results, which were blamed on a delayed $5 million order fulfillment.

So what: Allot's second-quarter report showed adjusted revenue of $21.5 million, with an adjusted net loss of $0.03 per share. Both figures compare quite unfavorably to Wall Street's consensus figures, which had set the bar at $26.3 million in revenue and $0.06 in earnings per share. That delayed $5 million order will be recorded in the second half of the year, but as analyst Dov Rozenberg noted when speaking to Bloomberg about the miss, "The company's earnings are highly dependent on timely realization of orders, so it will take time for the company to win back investor confidence."

Now what: Despite the drop, investors seem to be coming to terms with Allot's chunky financial situation. Several analysts reiterated their optimism regarding Allot's shares yesterday before the earnings report came out, and have yet to walk back those projections today, as most accept the likelihood of today's weakness giving way to next quarter's potential outperformance. Allot's revenue has been increasing at a relatively steady rate, but its earnings have been zig-zagging up and down for years. It's going to take a bit more consistency on the bottom line before I'd get comfortable with this stock.

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