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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/).

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Allot Ltd (NASDAQ: ALLT) has partnered with a tier-1 telecom operator in Southeast Asia to enhance cybersecurity for its Small and Medium-Sized Business (SMB) clients. This collaboration, finalized in late 2021, will see the operator and Allot share revenues from monthly service fees for Allot Secure solutions. The offering includes NetworkSecure and EndpointSecure, delivering comprehensive cybersecurity protection without requiring application installation by users. This agreement reinforces the operator's commitment to digitalization and cybersecurity for SMBs.

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Allot Ltd (NASDAQ: ALLT) announced a strategic collaboration with Amazon Web Services (AWS) on Feb. 9, 2022. This partnership aims to enable communication service providers (CSPs) to deploy Allot's cloud-native applications on AWS, enhancing their 5G network capabilities. As an AWS Independent Software Vendor, Allot is focused on streamlining CSPs' 5G cloud deployments, improving efficiency, reducing costs, and increasing security. Allot has already implemented a solution for a North American CSP using AWS's platform.

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Allot Ltd (NASDAQ: ALLT) has secured a partnership with a significant North American carrier to provide cybersecurity services for 4G and 5G consumers. This agreement, finalized toward the end of 2021, will see both parties sharing recurring revenue from monthly service fees. The NetworkSecure solution allows for clientless operation and protects users against cyber threats such as malware and phishing attacks. This milestone positions the carrier as a leader in offering network-based security services without requiring additional installation by customers.

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Allot Ltd. (NASDAQ: ALLT) announced a conference call to discuss its fourth quarter and full year 2021 earnings on February 15, 2022, at 8:30 AM ET. The unaudited financial results will be released before the call. Allot specializes in network intelligence and security-as-a-service solutions for communication service providers and enterprises, with over 500 providers and 20 million subscribers using their services globally.

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Allot Ltd (NASDAQ: ALLT) released its H2 2021 Cyber Threat Report, revealing a staggering 2.97 billion cyber threats were blocked, marking a 500% increase compared to H1 2021. The report highlights the dominance of adware, comprising 74% of all blocked threats, with the omnatuor.com browser hijacker and Flubot phishing attacks being the most prevalent. Notably, 421 million threats linked to Flubot were thwarted. The report emphasizes the evolving tactics of cybercriminals, especially around major holidays.

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Allot Ltd (NASDAQ: ALLT) announced a partnership with Entel, Peru’s telecom provider, to launch NetworkSecure, a cybersecurity solution aimed at mobile users. The service will shield customers from various cyber threats and offer parental controls, requiring no software installation. This collaboration establishes a recurring revenue model for Allot based on monthly fees shared with Entel. The launch is timely, as nearly half of Peru's mobile users have faced cyberattacks. The partnership enhances customer engagement through ongoing notifications about service benefits.

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Allot Ltd (NASDAQ: ALLT) recently announced its Allot NetworkSecure solution successfully blocked nearly 1.7 million phishing attacks targeting Amazon shoppers in Europe during November 2021. The attacks, disguised as fake promotions spread via WhatsApp, sought to gather sensitive financial information. Allot's solution operates without the need for customer installation, offering a seamless security experience. This event underscores the effectiveness of Allot's cybersecurity services, providing significant protection to service provider customers against extensive phishing attempts.

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Allot Ltd (NASDAQ: ALLT) announced the launch of cybersecurity services by Poland's leading mobile operator, Play, which has over 15 million subscribers. The new services include NetworkSecure and EndpointSecure, providing clientless cybersecurity solutions to protect users from malware, phishing, and ransomware. The partnership aims to enhance consumer security while increasing brand loyalty and generating new revenue for Play. Allot's platforms are already in use by over 20 million subscribers globally.

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Allot Ltd. (NASDAQ: ALLT) has announced that Field Solutions Group, Australia's leading telecommunications carrier, has chosen Allot Secure for cybersecurity services. This partnership enables Field Solutions to offer protection against cyber threats for its customers, while generating new revenue through monthly service fees.

Allot's NetworkSecure platform provides zero-touch cybersecurity services, ensuring ease of customer onboarding and comprehensive protection, including parental controls and content filtering for SMBs.

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Allot Ltd. (NASDAQ: ALLT) reported Q3 2021 revenue growth of 10% year-over-year to $38.2 million. The company achieved an operating profit of $0.3 million on a non-GAAP basis, contrasting with a $1 million loss in Q3 2020. Non-GAAP net loss decreased to $0.2 million, or $0.00 loss per share, down from $1.2 million. Management expects 2021 revenue between $145-$146 million but warns of delays in Security as a Service (SECaaS) revenue targets. Cash stood at $99.2 million as of September 30, 2021.

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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 $5.01 as of December 20, 2024.

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

The market cap of Allot Ltd. Ordinary Shares (ALLT) is approximately 192.9M.

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.

Where can I find more information about Allot's financial performance?

Detailed financial results and updates can be found on Allot's investor page at http://investors.allot.com/.

Allot Ltd. Ordinary Shares

Nasdaq:ALLT

ALLT Rankings

ALLT Stock Data

192.91M
38.83M
1.16%
56.81%
0.07%
Software - Infrastructure
Technology
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United States of America
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