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. reports developments around Security-as-a-Service, network intelligence and converged cybersecurity solutions for communications service providers and enterprises. Company updates commonly address network-native cybersecurity services, network and application analytics, traffic control and shaping, and platforms used across mobile, fixed and cloud service-provider environments.
Recurring news for ALLT includes quarterly and annual financial results, SECaaS performance trends, conference-call announcements, investor-conference participation and annual Form 20-F filing updates. The company is listed on Nasdaq and the Tel Aviv Stock Exchange under the symbol ALLT.
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.
DISH Network Corporation (NASDAQ: DISH) has partnered with Allot Ltd (NASDAQ: ALLT) to enhance security for its cloud-native, OpenRAN-based 5G network. Allot will provide end-to-end User Plane Protection (UPP) against cyber threats, including DDoS and botnet attacks, and additional cybersecurity services for DISH’s consumer and SMB customers. This partnership is expected to fortify DISH's innovative 5G network against evolving security risks, demonstrating Allot's capabilities in network security solutions and enhancing value for DISH's customers.
Allot Ltd (NASDAQ: ALLT) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. SEC. This report includes audited financial statements, which can be accessed on the SEC's website or through Allot's investor relations page. Shareholders can request a hard copy of the report at no charge. Allot, a leader in network intelligence and security-as-a-service solutions, supports over 500 service providers and 1000 enterprises globally, with more than 20 million subscribers utilizing its services.
Allot Ltd (NASDAQ: ALLT) announced that Exetel, Australia's leading independent ISP, has launched clientless cybersecurity services powered by Allot's NetworkSecure. This initiative aims to protect residential customers against rising cyber threats, such as malware and ransomware, particularly accentuated by the COVID-19 pandemic. Exetel's service features zero-touch onboarding, enhancing user accessibility. The collaboration is based on a recurring fee from subscribers, with expectations of double-digit adoption rates, placing Exetel at the forefront of cybersecurity in Australia.
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