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Allot Ltd - ALLT STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Allot's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Allot's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.31%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.41%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.21%
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Rhea-AI Summary
Allot Ltd. (ALLT) Announces Preliminary Unaudited Financial Results for 2023, Expects Revenue and Cash Totals to Meet Guidance Ranges
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.98%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.92%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.5%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.59%
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management
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.39%
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Allot Ltd

Nasdaq:ALLT

ALLT Rankings

ALLT Stock Data

81.11M
19.44M
2.17%
52.81%
0.15%
Data Processing, Hosting, and Related Services
Information
Link
Israel
Industrial Zone B

About ALLT

allot communications ltd. (nasdaq, tase: allt) is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. our solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more. allot’s multi-service platforms are deployed by over 500 mobile, fixed and cloud service providers and over 1000 enterprises. our industry leading network-based security as a service solution has achieved over 50% penetration with some service providers and is already used by over 18 million subscribers in europe. allot. see. control. secure. for more information, visit www.allot.com