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) 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.