Allot Ltd Stock Price, News & Analysis

Allot (NASDAQ: ALLT) has announced its upcoming fourth quarter and full year 2024 financial results conference call, scheduled for February 25, 2025, at 9:00AM ET. The company will release its unaudited financial results before the call begins. Investors can access the conference call through various regional dial-in numbers or via a live webcast on the company's investor relations website.

Allot is a provider of converged cybersecurity solutions and network intelligence services, serving both service providers and enterprises globally. The company's solutions are currently implemented by over 500 mobile, fixed and cloud service providers and more than 1000 enterprises. Their network-native security-as-a-service solution has achieved significant market penetration, serving millions of subscribers worldwide.

Allot (NASDAQ: ALLT) has announced that O2 Czech Republic, a PPF Group subsidiary, has launched Allot DNS Secure to enhance cybersecurity protection services for their mobile and fixed broadband consumer customers. This launch follows an agreement between Allot and O2 Czech Republic, part of a broader umbrella agreement with PPF Group.

O2 Czech Republic becomes the fifth operator within PPF Group to implement Allot's security services. The solution provides protection against cyber threats including viruses, ransomware, trojans, and phishing attacks, along with parental controls. Allot will generate revenue through a recurring monthly fee for these cybersecurity protection services.

Allot (NASDAQ: ALLT, TASE: ALLT), a global provider of network intelligence and security solutions, has announced its participation in the upcoming Needham Growth Conference in New York on January 15, 2025.

CEO Eyal Harari will deliver a presentation at 1:30 p.m. ET and will be available for one-on-one and group meetings throughout the day. The company serves over 500 mobile, fixed, and cloud service providers and more than 1,000 enterprises worldwide, offering network and application analytics, traffic control, and security services. Their network-based security solution is currently utilized by millions of subscribers globally.

Allot (NASDAQ: ALLT) has announced that Asahi Net, a Japanese broadband provider, will be the first to implement the new SG-Tera III multiservice platform. This platform offers 2.8 Tbps of traffic throughput, making it the highest capacity multiservice platform available. Asahi Net, which previously implemented the SG-Tera II in 2021, uses the platform to enable Allot SmartTraffic QoE, providing network traffic analytics and real-time traffic management to improve network Quality of Experience for their VNOs and broadband customers.

Allot (NASDAQ: ALLT) has unveiled its new Service Gateway Tera III multiservice platform, boasting the highest capacity in the telecommunications market at 2.8 Tbps. The platform delivers scalable carrier-grade performance for network intelligence, traffic management, and cybersecurity protection services in a unified solution. The SG-Tera III features up to 26x 400 Gbps ports or 104x 100 Gbps ports, designed to help Tier-1 operators meet traffic growth challenges driven by 5G and fiber deployments while ensuring superior Quality of Experience (QoE) for advanced use cases like M2M communication, IoT, and Fixed-Wireless Access.

Allot reported Q3 2024 financial results showing significant improvement, with revenues of $23.2 million, up 5% sequentially and 3% year-over-year. The company achieved its first non-GAAP operating profit of $1.1 million in three years, while Security as a Service (SECaaS) revenues grew 69% year-over-year to $4.7 million. The quarter saw positive operating cash flow of $1.9 million and increased net cash by $2.0 million. Non-GAAP gross margin reached 71.7%, and the company expects to maintain breakeven on non-GAAP operating profit in Q4 2024 while projecting double-digit growth for full-year SECaaS revenue.

Vodafone UK has launched Secure Net Home, a cybersecurity service for fixed broadband customers powered by Allot HomeSecure. The solution provides network-native threat protection and content control services, complementing Vodafone's existing mobile security offerings. HomeSecure protects all devices connected to the home network, including mobile devices, computers, IoT devices, and smart appliances. The service integrates into existing home routers through a thin software client, offering zero-touch network visibility, cybersecurity, and parental controls without requiring consumer installation. The system can identify connected devices and detect anomalous behavior.

MEO, Portugal's telecom provider, will deploy Casa Segura, a new security service for fixed broadband customers based on Allot HomeSecure. This expansion complements their existing Net Segura mobile security service, creating a unified cybersecurity solution. The deal, signed in late 2023, follows a subscription-based model where Allot becomes MEO's consumer security partner.

HomeSecure integrates with home routers to provide zero-touch network visibility, cybersecurity, and parental controls for all connected devices. The service will be managed through Allot Security Management (ASM), offering a unified security experience across mobile and fixed networks with a single threat database.

Allot (NASDAQ: ALLT, TASE: ALLT), a provider of network intelligence and security-as-a-service solutions, has scheduled its third quarter 2024 earnings conference call for November 19, 2024, at 8:30AM ET. The company will release its unaudited financial results before the call. Investors can access the conference via US (1-888-642-5032), UK (0-800-917-5108), or Israel (+972-3-918-0610) phone lines, or through a live webcast at the company's investor relations website.