Allot Ltd. Ordinary Shares - ALLT STOCK NEWS

Allot Ltd (NASDAQ: ALLT) has partnered with a Tier 1 Eastern European mobile operator to deploy Allot DNS Secure, enhancing cybersecurity for both pre-paid and post-paid consumer customers. The agreement entails shared recurring monthly revenues from these services. Allot DNS Secure safeguards users against various cyber threats, including malware and phishing, and is designed to be cost-effective for budget-conscious customers. This deployment underscores Allot’s commitment to providing scalable and effective solutions to meet operator needs.

Allot Ltd (NASDAQ: ALLT) announced a partnership with a Mexican broadband provider to deliver cybersecurity and content control services for small and medium businesses (SMB) and home office clients. The BusinessSecure solution offers zero-touch protection against cyber threats without requiring device downloads. This service will generate recurring revenue shared between Allot and the provider. The system enhances security for devices connected to business networks, including IoT, and provides content control policies configured per device.

Allot Ltd (NASDAQ: ALLT) has replaced its existing network solution with SmartTraffic QoE for Asahi Net, enhancing Quality of Experience (QoE) for customers in Japan. This innovative solution offers advanced network traffic analytics and real-time traffic management capabilities, expanding Allot's footprint in the Japanese market. The SG-Tera II platform supports up to 1 Tbps of traffic, addressing challenges in bandwidth management. Allot aims to collaborate further with Asahi Net to develop new broadband services.

Allot Ltd, a global leader in network intelligence and security solutions, announced that Italy's Eolo is expanding its Allot NetworkSecure capacity. This decision responds to a surge in demand for cybersecurity services from Eolo's fixed wireless customers. Eolo has ordered an expansion of its software license to accommodate this growth. NetworkSecure enables zero-touch cybersecurity, protecting users from malware, phishing, and ransomware. Notably, some service providers have achieved up to 50% adoption rates for these services.

Allot Ltd. (NASDAQ: ALLT) reported second quarter 2021 results, showcasing an 8% year-over-year revenue growth to $35.3 million. The company achieved a reduction in operating and net losses by nearly 40% YoY, with cash and investments rising to $105.6 million. Significant developments include a win for the 5G Netprotect product in APAC and new SECaaS contracts across multiple regions. Management anticipates revenues to reach $145-150 million for 2021 and recurring security revenues of approximately $5 million in 2021 and $25 million in 2022.

Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) announced a conference call to discuss its Q2 2021 earnings results, scheduled for August 10, 2021, at 8:30 AM ET. The unaudited financial results will be released prior to the call. This event showcases Allot's focus on communication service providers and enterprises, highlighting its innovative network intelligence and security solutions. The company reports significant global adoption of its services, with over 500 service providers and 20 million subscribers utilizing its security-as-a-service solutions.

Allot Ltd (NASDAQ: ALLT) announced a partnership with two APAC operators to deliver cybersecurity services via its Allot Secure solutions. The collaboration will share recurring revenue from monthly service fees with the communication service providers (CSPs). These services, including NetworkSecure, HomeSecure, and BusinessSecure, will protect consumers and SMBs from cyber threats such as malware and phishing attacks. This initiative aligns with the CSPs' strategies to enhance brand value and generate additional revenue.

Allot Ltd (NASDAQ: ALLT) announced its partnership with a communications provider in Central Europe to deploy NetworkSecure and EndpointSecure solutions, enhancing cybersecurity for consumer customers. The collaboration allows for shared recurring monthly revenues from these services. NetworkSecure protects users from various cyber threats without requiring installation, boasting significant adoption rates among service providers, with some achieving up to 50% uptake. This partnership reinforces Allot's position in the growing network-based cybersecurity market, already serving over 20 million mobile users globally.

Allot Ltd (NASDAQ: ALLT) announced a partnership with a Tier 1 European communications group to provide cybersecurity services. The agreement involves a monthly fee based on the number of users utilizing Allot's security solutions, including HomeSecure and BusinessSecure. These services aim to enhance security for consumer and SMB customers. The initial launch will occur in one EU operating unit. Allot's solutions leverage AI for device identification and anomalous behavior detection, reinforcing its position in the cybersecurity market.