Allot Ltd. Ordinary Shares - ALLT STOCK NEWS

Welcome to our dedicated page for Allot Ltd. Ordinary Shares news (Ticker: ALLT), a resource for investors and traders seeking the latest updates and insights on Allot Ltd. Ordinary Shares stock.

Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a leading global provider of innovative network intelligence and security solutions designed to enhance the value to service providers and enterprises worldwide. With a customer base spanning Europe, Asia, the Americas, the Middle East, and Africa, Allot's solutions are widely recognized for their effectiveness in network and application analytics, traffic control and shaping, as well as network-based security services. Their multi-service platforms have been deployed by over 500 mobile, fixed, and cloud service providers and more than 1,000 enterprises globally.

Allot's industry-leading network-based Security-as-a-Service (SECaaS) has already achieved over 50% penetration among some service providers and is utilized by millions of subscribers across Europe. This broad adoption underscores Allot's reputation for delivering high-value security solutions that are easy to integrate and manage. Recently, Allot announced an increase in SECaaS revenues by 41.5% year-over-year, reflecting the growing demand for their services.

Financially, Allot's second quarter of 2024 showed revenues of $21.9 million, a 4% year-over-year increase. Their gross margin improved significantly, and they reported a net loss reduction by 77.9% on a GAAP basis. Allot's focus on transforming its business towards a recurring revenue model aims to drive sustainable profitable growth. Despite some financial challenges, such as credit loss provisions and macroeconomic impacts, Allot is committed to achieving profitability in 2024.

Allot’s continuous innovation has not gone unnoticed, having recently received the 2024 Customer Value Leader award from Frost & Sullivan for their contributions to CSP security. This award highlights Allot's strengths in innovation, customer service, and market performance.

For the latest updates and detailed financial results, visit their [investor page](http://investors.allot.com/). For more information on their products and services, visit [Allot's website](http://www.allot.com/).

04/11/2024 05:06 AM

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Allot Announces Chief Financial Officer Departure

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Allot announces the departure of CFO Ziv Leitman to join a start-up, initiating a search for a new CFO. Mr. Leitman will stay until June 30, 2024, ensuring a smooth transition.

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03/06/2024 04:32 AM

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Allot Wins Prestigious 2024 Frost & Sullivan Customer Value Leadership Award for CSP Security

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Allot Ltd. has been recognized as the 2024 Customer Value Leader in the consumer security industry by Frost & Sullivan for its innovative network intelligence and security solutions. Allot's Secure network-native security solution offers superior protection, ease of use, and high customer adoption rates.

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02/15/2024 05:00 AM

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Allot Announces Fourth Quarter & Full Year 2023 Financial Results

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Allot Ltd. announces unaudited Q4 and full-year 2023 financial results with revenues of $24.3 million and $93.2 million respectively. SECaaS revenues up 41.5% and 48.4% year-over-year. Q4 GAAP net loss $18.3 million. Full-year 2023 GAAP net loss $62.8 million. Management expects full-year 2024 non-GAAP operating profit and free cash flow breakeven.

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01/11/2024 05:00 AM

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Allot Announces Preliminary FY 2023 Financial Results

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Allot Ltd. (ALLT) Announces Preliminary Unaudited Financial Results for 2023, Expects Revenue and Cash Totals to Meet Guidance Ranges

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11/16/2023 05:00 AM

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Allot Announces Q3 2023 Financial Results

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Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT) announced its unaudited Q3 2023 financial results, reporting a decrease in total revenues to $22.6 million, a GAAP operating loss of $12.7 million, and a non-GAAP net loss of $10.8 million. The company expects Q4 2023 revenues of $20-25 million and negative cash flow between $5-12 million. Allot's SECaaS ARR for September 2023 was $10.6 million, and the company aims to reduce yearly operating expenses in 2024 due to budget constraints and macro-economic challenges.

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11/14/2023 06:13 AM

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Allot to Release Third Quarter 2023 Earnings on November 16, 2023 and Reschedules Conference Call to November 22, 2023

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Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) reschedules its Q3 2023 earnings conference call due to CEO's COVID-19 diagnosis. The unaudited financial results will be published before the market opens on November 16, 2023. The conference call is now scheduled for November 22, 2023, at 8:30 am ET, 3:30 pm Israel time. Access details provided for dial-in and webcast.

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11/02/2023 07:11 AM

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Allot to Release Third Quarter 2023 Earnings and Host Conference Call on November 16, 2023

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Allot Ltd. will host a conference call to discuss its third quarter 2023 results on November 16, 2023. The unaudited financial results of the quarter will be published prior to the call. Access to the call can be obtained through phone numbers or a live webcast on the Allot website.

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09/27/2023 07:05 AM

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Allot Announces Appointment of David Reis as Chairman of the Board

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Allot Ltd. appoints David Reis as Chairman of the Board, while Yigal Jacoby steps down to focus on other opportunities. Reis brings decades of experience and is expected to drive profitable growth. Reis' appointment as a director is subject to shareholder ratification in December 2023.

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08/31/2023 05:00 AM

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Allot Announces Q2 2023 Financial Results and Cost Reduction Plan

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Allot Ltd. announces Q2 financial results with revenues of $25.0 million and a GAAP operating loss of $21.5 million. Full-year 2023 revenue expectations revised to $95 million to $110 million. Company plans cost reduction to reduce yearly expenses by $15 million.

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08/02/2023 05:30 AM

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Allot Presents an Award to Taiwan’s Far EasTone Telecommunications for Cybersecurity Leadership

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Allot Ltd. has presented Far EasTone Telecommunications with the Cybersecurity Leadership Award for excellence in cybersecurity leadership. The award recognizes Far EasTone's ability to establish and drive a culture of security, protecting customers against cyber threats. The Guardian Network service has blocked an average of 47 attacks per user per month since its launch in December 2022. Far EasTone utilizes Allot's NetworkSecure platform to offer customers protection from cybersecurity threats.

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FAQ

What is the current stock price of Allot Ltd. Ordinary Shares (ALLT)?

The current stock price of Allot Ltd. Ordinary Shares (ALLT) is $3.85 as of November 20, 2024.

What is the market cap of Allot Ltd. Ordinary Shares (ALLT)?

The market cap of Allot Ltd. Ordinary Shares (ALLT) is approximately 153.3M.

What services does Allot Ltd. provide?

Allot Ltd. provides network intelligence and security solutions, including network and application analytics, traffic control and shaping, and network-based security services.

In which regions does Allot Ltd. operate?

Allot operates globally, with a customer base in Europe, Asia, the Americas, the Middle East, and Africa.

How many service providers and enterprises use Allot’s solutions?

Over 500 mobile, fixed, and cloud service providers and over 1,000 enterprises deploy Allot's multi-service platforms.

What is SECaaS and how has it been received by service providers?

SECaaS stands for Security as a Service. Allot’s network-based SECaaS has achieved over 50% penetration among some service providers and is used by millions of subscribers in Europe.

What are Allot’s recent financial highlights?

In the second quarter of 2024, Allot reported $21.9 million in revenues, a 4% increase year-over-year. The gross margin improved by 8.1% on a GAAP basis, and the net loss significantly reduced by 77.9%.

What awards has Allot recently received?

Allot was recognized as the 2024 Customer Value Leader in the SOHO and consumer space by Frost & Sullivan for its contributions to CSP security.

What financial challenges has Allot faced recently?

Allot faced credit loss provisions and macroeconomic impacts but remains focused on achieving profitability in 2024.

Who is Allot’s current CEO?

Eyal Harari is the current CEO of Allot Ltd., having joined the company with a vision for profitable growth and enhanced service offerings.

How does Allot ensure customer satisfaction with its security solutions?

Allot provides network-native security solutions that enforce customer policies for security and parental control, ensuring a safe internet experience with high service adoption rates.