Allot Ltd. Ordinary Shares - ALLT STOCK NEWS

Allot NetworkSecure and EndpointSecure cybersecurity solutions have been selected by a top-tier European mobile service provider to offer extensive cybersecurity services to consumers, SOHO, and small business customers. Subscribers will pay a monthly fee shared with Allot. This partnership aims to enhance protection against threats like malware and phishing while providing a seamless user experience. Allot's solutions reportedly achieve up to 50% adoption rates among service providers, with over 20 million mobile users protected globally.

Allot Ltd (NASDAQ: ALLT) announced its integration of OX PowerDNS technology into the Allot Secure family, enhancing cybersecurity solutions for communication service providers (CSPs). The new DNS Secure solution targets fixed broadband customers, providing protection against malware, phishing, and content filtering. This agreement with Open-Xchange adds significant capabilities to Allot’s offerings, aiming for scalable user protection without requiring software installation. With a focus on user onboarding and comprehensive threat management, Allot seeks to address growing cybersecurity demands in the telecom sector.

Allot Ltd. (NASDAQ: ALLT) highlights a significant market opportunity for communication service providers (CSPs) to meet the growing demand for cybersecurity solutions, according to its Global Consumer Security Survey involving 11,400 consumers. Key findings reveal that 28% of wireless subscribers would switch providers for better cybersecurity, with 90% believing CSPs should offer security services. Consumers are willing to pay an average of $5 monthly for such solutions, suggesting a strong potential for CSPs to enhance customer loyalty and generate revenue through security offerings.

Allot Ltd. (NASDAQ: ALLT) reported its third quarter 2020 results, revealing revenues of $34.8 million, a significant 26% increase year-over-year. The non-GAAP operating loss was reduced to $1.0 million, down from $2.2 million in Q3 2019. GAAP net loss stood at $2.4 million, slightly higher than the previous year. Allot reaffirmed its guidance for full-year revenues between $135 - $140 million, anticipating profitability in Q4. The company highlighted continued demand for its security solutions despite some delays due to COVID-19.

Allot Ltd (NASDAQ: ALLT) announced that MEO, a brand of Altice Portugal, has launched MEO Net Segura, a cybersecurity service powered by Allot's NetworkSecure. This service protects consumers from various cyber threats and includes parental controls without requiring any downloads or configurations. Allot's EndpointSecure solution enhances MEO's capabilities, allowing cybersecurity protection even when customers are offline. The initiative is expected to improve customer engagement and loyalty while creating a new revenue stream for MEO. Allot reports significant adoption rates for its solutions among telecommunications customers globally.

Allot Ltd (NASDAQ: ALLT) has secured a contract with a Tier-1 telecom operator in APAC for its HomeSecure cybersecurity and parental control solution. This deployment will protect home routers and connected devices, utilizing a zero-touch and clientless approach. The services are set to reach millions of broadband customers, aiming to address the region's high malware encounter rate, which is 1.6 times the global average. With features like AI-driven device profiling and easy management via an app, HomeSecure enhances network security while providing a valuable service to telecom providers.

Allot Ltd. (NASDAQ: ALLT) announced a conference call scheduled for November 4, 2020, at 8:30 AM ET to discuss its third quarter 2020 earnings results. The financial results will be available prior to the call. Allot is recognized for its innovative network intelligence and security-as-a-service solutions, serving over 500 service providers and more than 1000 enterprises globally. Their solutions, including network-based security services, have over 50% penetration with certain providers and are utilized by over 23 million subscribers in Europe.

Allot Ltd (NASDAQ: ALLT) announced that a Tier-1 telecommunications provider in APAC has selected its Allot Smart solutions to enhance network performance. This implementation aims to reduce RAN CAPEX and improve the quality of experience (QoE) by up to 30% in crowded cells. The Allot ClearSee technology utilizes deep packet inspection and machine learning to provide real-time network data and automate congestion management, promising significant advancements in user experience.

Allot Ltd (NASDAQ: ALLT) announces the expansion of its network-based cybersecurity service, Conexión Segura, in partnership with Telefónica España. The service aims to protect small and medium-sized businesses from cyber threats, exceeding subscription forecasts by almost three years. Customer demand has grown at double-digit monthly rates since March 2020. Conexión Segura blocked over 1 million computer viruses and 168,000 malware instances in March and April alone. This service generates recurring revenue shared among Allot, Telefónica, and McAfee.