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.
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Allot has enhanced its presence in Japan by replacing a competitor's system with its SmartTraffic QoE solution for a broadband provider. This innovative solution offers real-time traffic management and network analytics, ensuring fair bandwidth usage among customers. The implementation will support up to 1Tbps of traffic, enhancing Quality of Experience (QoE). Oren Coral, VP Sales, highlighted their commitment to customer satisfaction and rapid response in the Japanese market.
Allot Ltd. (NASDAQ: ALLT) reported strong financial results for Q4 and full year 2020, with Q4 revenues reaching $39.1 million, a 28% increase year-over-year. Full year revenues totaled $135.9 million, up 23% from 2019. Gross margin improved to 71% on a non-GAAP basis. The company anticipates 2021 revenues between $145 million and $150 million and expects to exceed a maximum annual revenue potential (MAR) of $180 million. Despite operational losses, Allot's growth reflects a strong demand for network-based security solutions amidst rising internet threats.
Allot Ltd. (NASDAQ: ALLT) announced it will host a conference call on February 9, 2021, at 8:30 AM ET to discuss its unaudited fourth quarter and full year 2020 earnings results. The financial results will be released prior to the call. The call can be accessed via a live webcast on Allot's investor relations website, with an archived version available later. Allot is noted for its innovative network intelligence and security-as-a-service solutions, serving over 500 service providers and 1,000 enterprises worldwide, achieving significant market penetration.
Allot Ltd (NASDAQ: ALLT) announced a new partnership with a tier-1 European communication service provider (CSP) to offer HomeSecure and BusinessSecure cybersecurity and content control services. These solutions will protect consumer and SMB devices connected to broadband networks, using AI for device behavior analysis. Monthly fees from subscribers will create recurring revenue shared between the CSP and Allot.
This deal expands their relationship following a successful NetworkSecure implementation, enhancing ARPU and brand awareness for the service provider.
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.