Welcome to our dedicated page for Allot news (Ticker: ALLT), a resource for investors and traders seeking the latest updates and insights on Allot stock.
Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of converged cybersecurity solutions and network intelligence offerings for service providers and enterprises worldwide. The Allot news feed on Stock Titan brings together company announcements, financial disclosures and partnership updates that reflect how its Security-as-a-Service (SECaaS) and network intelligence business is evolving.
Readers can find press releases where Allot discusses unaudited quarterly financial results, including revenue trends, operating income or loss, cash flow and non‑GAAP metrics. These items often highlight the role of SECaaS in the company’s revenue mix and provide context on performance metrics such as SECaaS annual recurring revenue (ARR), as described in Allot’s own communications.
The news stream also features updates on commercial agreements and deployments of Allot technology by communication service providers. Recent examples include Más Móvil Panamá selecting Allot NetworkSecure to provide network-native cybersecurity and parental control services, Play in Poland choosing DNS Secure to extend cybersecurity protection to fixed broadband customers, and Compax Venture implementing MVNO offerings based on NetworkSecure and OffNetSecure. These announcements illustrate how Allot’s platforms are used in mobile, fixed and broadband environments.
In addition, investors can follow notices about Allot’s participation in investor conferences, equity offerings and shareholder meetings, which are often coordinated with related Form 6‑K filings. For anyone tracking ALLT stock, this page offers a centralized view of the company’s own news releases, from cybersecurity partnerships to financial updates, in one place.
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.
Allot Ltd (NASDAQ: ALLT) has announced that its NetworkSecure cybersecurity solution has prevented over 140 million connections to Flubot command and control servers across Europe from March to May 2021. Flubot is a rapidly spreading banking Trojan that exploits users by mimicking legitimate apps to harvest credentials. Allot's service, requiring no client software, offers protection against various cyber threats. The company notes a significant adoption rate of up to 50% among service providers, indicating strong market demand for its solutions.
Allot Ltd (NASDAQ: ALLT) announces a significant partnership with a Tier-1 mobile operator in the APAC region to implement its 5G NetProtect solution. This solution is designed to secure the operator's 5G network against DDoS and botnet attacks by providing User Plane Protection (UPP). The cloud-native technology leverages machine learning and a multi-layer threat prevention strategy to maintain high Quality of Experience (QoE). This collaboration reflects growing demand for network security solutions as 5G networks expand.
Allot Ltd. (NASDAQ: ALLT) announced that a North American government agency selected its Traffic Intelligence Platform for a national rollout. This solution is designed to manage massive traffic from multiple data centers, ensuring over 100Gbps throughput. The agency aims to consolidate its infrastructure while enhancing network visibility and application control, crucial for maintaining a superior Quality of Experience (QoE) for its hundreds of thousands of end users. The Allot platform is expected to replace a discontinued solution, offering better capacity and analytics.
Allot Ltd. (NASDAQ: ALLT) reported Q1 2021 revenues of $31.2 million, marking a 6% increase year-over-year. The company achieved a gross margin of 69.2% and ended the quarter with cash and investments totaling $103 million. Allot successfully penetrated the US market by partnering with DISH Network to secure its 5G services. Management anticipates full-year revenues between $145-150 million and expects significant recurring security revenues in 2021 and onward. However, net loss on a GAAP basis for Q1 2021 increased to $4 million.
Allot Ltd. (NASDAQ: ALLT) announced a virtual Analyst & Investor event on May 11, 2021, at 9:00 AM ET to discuss Q1 2021 financial results and the growth potential of the company in cybersecurity. The event will feature presentations from the management team and insights from cybersecurity customers. Registration is available online, and a recorded version of the event will be accessible on the Allot website shortly after. The company emphasizes its role as a provider of network intelligence and security solutions for service providers and enterprises.
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