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Allot Communications Reports Increased Revenues and Net Profit for Fourth Quarter of 2010

BOSTON February 8, 2011

Key Highlights:

$16.2 Million

$1.8 Million $0.07 $0.05

$59.4 Million $1.8 Million

$57 Million $0.17

Allot Communications Ltd. (NASDAQ: ALLT), a leading supplier of service optimization and revenue generation solutions for fixed and mobile broadband service providers worldwide, today announced that sales and profitability continued to increase during the fourth quarter of 2010, and that the Company was profitable for the year 2010 on a non-GAAP basis.

$16.2 million $11.5 million $14.7 million $1.3 million $0.06 $0.05 $1.5 million $0.07 $0.8 million $0.03 $57 million $41.8 million $5.8 million $0.25 $7.7 million $0.35

$1.8 million $0.08 $0.07 $19,000 $0.00 $1.3 million $0.06 $0.05

These non-GAAP measures should be considered in addition to, and not as a substitute for, comparable GAAP measures. The non-GAAP results and a full reconciliation between GAAP and non-GAAP results are provided in the accompanying Tables 2 and 3. The Company provides these non-GAAP financial measures because it believes that they present a better measure of the Company’s core business and management uses the non-GAAP measures internally to evaluate the Company’s ongoing performance. Accordingly, the Company believes that they are useful to investors in enhancing an understanding of the Company’s operating performance.

Rami Hadar

    Recently, the Company achieved the following significant goals:      - Received an initial order from a Tier 1 operator in EMEA with over 15     million subscribers, which operates both fixed and wireless networks;      - Received an expansion order from a Tier 1 cable operator in EMEA;      - During the quarter, received orders from 13 large service providers, of     which 2 represented new customers and 11 represented expansion deals;      - Introduced the new Service Gateway Sigma E, with 160Gb throughput per     system;      - The Company's shares are now listed on the NASDAQ Global Select Market;     and      - The Company listed its shares on the Tel Aviv Stock Exchange, where it     is now included on the Tel-Tech 15 index and the Mid-Cap 50 indices. 

December 31, 2010 $59.4 million

Conference Call & Webcast

8:30 AM ET 3:30 PM

Israel

12:01 am ET February 9, 2011 March 7, 2011 11:59 pm ET

http://www.allot.com

About Allot Communications

http://www.allot.com

Safe Harbor Statement

Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the Company’s plans, objectives and expectations for future operations. These forward-looking statements are based upon management’s current estimates and projections of future results or trends. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These factors include, but are not limited to: changes in general economic and business conditions; the Company’s inability to develop and introduce new technologies, products and applications; loss of market; and other factors discussed under the heading "Risk Factors" in the Company’s annual report on Form 20-F filed with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

                                      TABLE - 1                               ALLOT COMMUNICATIONS LTD.                               AND ITS SUBSIDIARIES                          CONSOLIDATED STATEMENTS OF OPERATIONS               (U.S. dollars in thousands, except share and per share data)                           Three Months Ended              Year Ended                             December 31,                 December 31,                         2010          2009         2010             2009                            (Unaudited)          (Unaudited)       (Audited)      Revenues         $ 16,207       $ 11,530     $ 56,972         $ 41,751     Cost of revenues    4,590          3,548       15,985           11,835     Gross profit       11,617          7,982       40,987           29,916      Operating     expenses:     Research and     development     costs, net          3,003          2,408       11,264            9,265     Sales and     marketing           5,747          5,849       22,021           20,408     General and     administrative      1,454          1,371        5,473            5,541     Total operating     expenses           10,204          9,628       38,758           35,214     Operating profit     (loss)              1,413         (1,646)       2,229           (5,298)     Financial and     other income     (expenses), net      (176)            52       (7,907)          (2,311)     Profit (loss)     before income     tax expenses        1,237         (1,594)      (5,678)          (7,609)      Tax expenses     (income)             (112)           (74)          84               63     Net profit     (loss)              1,349         (1,520)      (5,762)          (7,672)      Basic net profit     (loss) per share   $ 0.06        $ (0.07)     $ (0.25)         $ (0.35)      Diluted net profit     (loss) per share   $ 0.05        $ (0.07)     $ (0.25)         $ (0.35)      Weighted average     number of shares     used in computing     basic net     earnings per     share          23,219,144     22,385,132   22,831,014       22,185,702      Weighted average     number of shares     used in     computing diluted     net earnings     per share      24,627,967     22,385,132   23,510,732       22,185,702                                  TABLE - 2                          ALLOT COMMUNICATIONS LTD.                            AND ITS SUBSIDIARIES                       RECONCILATION OF GAAP TO NON-GAAP                     CONSOLIDATED STATEMENTS OF OPERATIONS                (U.S. dollars in thousands, except per share data)                       Three Months Ended                   Year Ended                        December 31,                       December 31,                     2010          2009                2010           2009                        (Unaudited)                        (Unaudited)      GAAP net     profit     (loss) as     reported      $ 1,349     $ (1,520)           $ (5,762)      $ (7,672)      Non-GAAP     adjustments     Expenses     recorded for     stock-based     compensation      Cost of      revenues          23           32                  95            104      Research      and      development      costs, net        79           92                 352            357      Sales and      marketing        196          215                 851            775      General and      administrative   163          252                 692          1,062     Core     technology     amortization-     cost of     revenues           30           27                 120            116     Inventory     write off -     cost of     revenues                       523                                523     Fixed assets     write off -     sales and     marketing                      385                                385     Total     adjustments     to operating     loss              491        1,526               2,110          3,322       Financial      and other      expenses, net      -           13               7,711          3,036      Total adjustments 491        1,539               9,821          6,358      Non-GAAP net     profit (loss) $ 1,840         $ 19             $ 4,059       $ (1,314)      Non- GAAP basic     net profit (loss)     per share      $ 0.08       $ 0.00              $ 0.18        $ (0.06)      Non- GAAP     diluted net     profit (loss)     per share      $ 0.07       $ 0.00              $ 0.17        $ (0.06)      Weighted     average     number of     shares     used in     computing     basic net     earnings     per share  23,219,144   22,385,132          22,831,014       22,185,702      Weighted     average     number of     shares     used in     computing     diluted net     earnings     per share  25,050,767   22,385,132          24,113,668       22,185,702                                   TABLE - 3                          ALLOT COMMUNICATIONS LTD.                           AND ITS SUBSIDIARIES               CONSOLIDATED STATEMENTS OF OPERATIONS on a NON-GAAP BASIS             (U.S. dollars in thousands, except share and per share data)                        Three Months Ended            Year Ended                       December 31,                  December 31,                      2010         2009           2010           2009                         (Unaudited)                  (Unaudited)      Revenues      $ 16,207     $ 11,530       $ 56,972        $ 41,751     Cost of     revenues         4,537        2,966         15,770          11,092     Gross profit    11,670        8,564         41,202          30,659      Operating     expenses:     Research and     development     costs, net       2,924        2,316         10,912           8,908     Sales and     marketing        5,551        5,249         21,170          19,248     General and     administrative   1,291        1,119          4,781           4,479     Total operating     expenses         9,766        8,684         36,863          32,635     Operating     profit (loss)    1,904         (120)         4,339          (1,976)     Financial and     other income     (expenses), net   (176)          65           (196)            725     Profit (loss)     before income     tax expenses     1,728          (55)         4,143          (1,251)      Tax expenses     (income)          (112)         (74)            84              63     Net profit     (loss)           1,840           19          4,059          (1,314)      Basic net     profit (loss)     per share       $ 0.08       $ 0.00         $ 0.18         $ (0.06)      Diluted net     profit (loss)     per share       $ 0.07       $ 0.00         $ 0.17         $ (0.06)      Weighted     average     number of     shares     used in     computing     basic net     earnings     per share   23,219,144   22,385,132     22,831,014      22,185,702      Weighted     average     number of     shares     used in     computing     diluted net     earnings per     share       25,050,767   22,385,132     24,113,668      22,185,702                                           TABLE - 4                                 ALLOT COMMUNICATIONS LTD.                                    AND ITS SUBSIDIARIES                                CONSOLIDATED BALANCE SHEETS                                (U.S. dollars in thousands)                                          December 31,        December 31,                                             2010                2009                                          (Unudited)          (Audited)                        ASSETS     CURRENT ASSETS:     Cash and cash     equivalents                         $ 50,421            $ 36,470     Marketable securities     and restricted cash                    9,028               2,324     Trade receivables, net                10,739               7,842     Other receivables     and prepaid expenses                   4,913               3,618     Inventories                           10,830               5,046     Total current assets                  85,931              55,300      LONG-TERM ASSETS:     Marketable securities                      -              14,490     Severance pay fund                       162               3,410     Other assets                             340                 430     Total long-term assets                   502              18,330      PROPERTY AND EQUIPMENT, NET            5,193               5,674     GOODWILL AND INTANGIBLE ASSETS, NET    3,516               3,639      Total assets                        $ 95,142            $ 82,943         LIABILITIES AND SHAREHOLDERS' EQUITY     CURRENT LIABILITIES:     Trade payables                       $ 5,140             $ 3,142     Deferred revenues                     10,828               5,467     Other payables and     accrued expenses                      10,122               8,512     Total current liabilities             26,090              17,121      LONG-TERM LIABILITIES:     Deferred revenues                      3,873               2,046     Accrued severance pay                    191               3,364     Total long-term liabilities            4,064               5,410      SHAREHOLDERS' EQUITY                  64,988              60,412      Total liabilities and     shareholders' equity                $ 95,142            $ 82,943       Investor Relations Contact:      Jay Kalish     Executive Director Investor Relations     International access code     +972-54-221-1365     [email protected]  

SOURCE Allot Communications Ltd.

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