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) 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.
Allot Ltd. (NASDAQ: ALLT) will present at the LD 500 investor conference on September 1st at 7:00 AM PST. CEO Erez Antebi will be addressing attendees live. This event, which runs from September 1st to 4th, marks a significant return to virtual conferencing amid the pandemic, making it accessible to a broader audience. Allot, a leader in network intelligence and security-as-a-service solutions, is geared towards enhancing value for service providers and enterprises globally. Interested attendees can register online.
Allot Ltd. (NASDAQ: ALLT) has secured a contract from New Zealand's Department of Internal Affairs to provide a nationwide Digital Child Exploitation Filter (DCEF). Utilizing Allot's SmartSentinel and ContentProtector, the system identifies and blocks access to objectionable content related to child sexual abuse. The new solution is designed to be scalable and user-friendly, allowing for centralized URL filtering without CSP-level changes. This initiative aims to enhance online safety for New Zealand citizens by analyzing web activity and blocking harmful sites.
Allot Ltd. (NASDAQ: ALLT) reported second quarter 2020 revenues of $32.8 million, marking a 23% year-over-year increase. The company achieved a non-GAAP gross margin of 70.7%, improving from 69.8% in Q2 2019. Despite a net loss of $2.4 million (non-GAAP), the firm reiterated its forecast for full year revenues between $135 - $140 million. Management expects third quarter revenue to exceed Q2 results and anticipates profitability in Q4 2020. Cash and investments totaled $109.2 million as of June 30, 2020.
Allot Ltd. (NASDAQ: ALLT) announced a conference call to discuss its Q2 2020 earnings results on August 4, 2020, at 8:30 AM ET. The unaudited financial results will be released before the call. Investors can access the call via a designated phone number or through a live webcast on Allot's website. Allot provides network intelligence and security solutions for service providers and enterprises, with a user base exceeding 23 million subscribers in Europe. The company's innovative solutions are deployed by over 500 service providers globally.
Allot Ltd (NASDAQ: ALLT) has launched BusinessSecure, a new cybersecurity solution for communication service providers (CSPs) aimed at SMB and enterprise customers. This solution is part of the Allot Secure family, enhancing network-based security services used by over 23 million subscribers.
BusinessSecure leverages Machine Learning to identify devices and enforce security policies automatically. Immediate availability allows CSPs to generate revenue by offering protection against threats like malware and ransomware. The solution includes a customizable interface for content control and offers unified reporting for all protected devices.