Allot (ALLT) Stock News

Allot Ltd. (NASDAQ: ALLT) has expanded its cybersecurity partnership with Play, a leading Polish convergent operator. Play has selected Allot DNS Secure to provide cybersecurity protection services to its fixed broadband customers, building upon their existing 2021 deployment of network-based security services for mobile customers.

The agreement, signed in April 2025, will implement DNS Secure, a solution designed for CSPs that offers protection against malware, phishing, and includes content filtering capabilities. The solution can be deployed either standalone or integrated with other Allot Secure family solutions, as demonstrated in Play's case with NetworkSecure.

Allot Ltd. (NASDAQ: ALLT) has secured its largest customer deal in five years with a Tier-1 telecom operator in EMEA, valued at tens of millions of dollars. The multi-year agreement covers integrated network intelligence and cybersecurity solutions for converged mobile and fixed networks.

The comprehensive solution package includes Allot Smart solutions for traffic management, policy & charging control, network visibility, analytics, and cybersecurity services. The implementation will be based on the new SG Tera-III platform, featuring the highest capacity multiservice gateway in the telecommunications market.

The solution aims to reduce access bandwidth costs, defer capacity expansion, decrease OPEX through automation, and ensure high QoE for the operator's customers across fixed fiber, 5G, and 4G networks.

Allot Ltd. (Nasdaq: ALLT) has announced the pricing of a public offering of 5,000,000 ordinary shares at $8.00 per share, with potential for an additional 750,000 shares through the underwriters' option. The offering is expected to generate gross proceeds of $40.0 million.

The company plans to use the proceeds primarily to repay $31.41 million of outstanding debt under the Lynrock Note, with the remainder for general corporate purposes. Additionally, Lynrock has agreed to convert the remaining $8.59 million of principal into 1,249,995 ordinary shares. Following these transactions, Allot will have no outstanding debt.

The offering, expected to close on June 26, 2025, is being managed by TD Cowen and William Blair as joint book-running managers.

Allot Ltd. (Nasdaq: ALLT) has announced a proposed public offering of its ordinary shares. The company plans to use the proceeds to repay $31.41 million of principal outstanding under the senior unsecured convertible promissory note held by Lynrock Lake Master Fund LP, with the balance for general corporate purposes.

Lynrock has agreed to convert the remaining $8.59 million of principal into ordinary shares and will enter into a 75-day lock-up agreement. The company will grant underwriters a 30-day option to purchase up to an additional 15% of shares. TD Cowen and William Blair are acting as joint book-running managers, with Needham & Company as lead manager.

After this transaction, Allot will have no outstanding indebtedness for borrowed money.

Allot Ltd. (NASDAQ: ALLT) reported strong Q1 2025 financial results with profitable growth across key metrics. Total revenues reached $23.2M, up 6% YoY, while Security as a Service (SECaaS) revenues grew 49% YoY to $5.1M. The company achieved a non-GAAP operating profit of $0.4M, compared to a loss of $1.2M in Q1 2024. SECaaS ARR increased significantly by 54% YoY to $21.2M. The company maintained a healthy non-GAAP gross margin of 70.4% and generated positive operating cash flow of $1.7M. Notably, Verizon Business launched a new mobile plan incorporating Allot's SECaaS service. Management expects continued profitable growth in 2025, projecting SECaaS revenue and ARR to increase by approximately 50% or more year-over-year.

Allot (NASDAQ: ALLT, TASE: ALLT), a leading provider of security-as-a-service (SECaaS) and network intelligence solutions, has announced it will release its first quarter 2025 financial results on Monday, May 12, 2025. The company will host a conference call to discuss the results at 9:00AM ET (2:00PM UK, 4:00PM Israel).

The unaudited financial results will be published before the conference call. Investors can access the call through various dial-in numbers: US: 1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0644. A live webcast will be available on the Allot website at investors.allot.com and archived for future reference.

Allot currently serves over 500 mobile, fixed and cloud service providers and more than 1000 enterprises globally, with their network-based security as a service solution being utilized by millions of subscribers worldwide.

Allot (NASDAQ: ALLT) has announced the launch of OffNetSecure, a new cybersecurity solution extending their Secure platform for telecom operators. The solution protects telecom customers against cyberthreats when connected to non-provider networks, such as guest Wi-Fi.

OffNetSecure is designed for Android and iOS devices, requiring no manual installation or updates from end users. It integrates with providers' branded apps and offers protection against malware, phishing, and ransomware attacks as part of Allot's 360-degree protection platform.

The solution creates new revenue opportunities for telecom providers through premium plans while offering unified provisioning, policies, and reporting capabilities. Allot will showcase OffNetSecure at the RSA Conference in San Francisco from April 28th to May 1st at booth #5281.

Allot (NASDAQ: ALLT, TASE: ALLT), a leading provider of security-as-a-service (SECaaS) and network intelligence solutions, has announced its participation in the 15th Annual LD Micro Invitational investor conference in New York on April 9-10, 2025.

CEO Eyal Harari will present on April 10 from 12:00-12:25pm in Track 1. Investors can watch the presentation virtually through Allot's website, and management will be available for one-on-one meetings throughout the day.

Allot serves over 500 mobile, fixed and cloud service providers and more than 1000 enterprises globally, offering network-native cybersecurity services, network and application analytics, and traffic control solutions. Their network-native security-as-a-service solution is currently utilized by millions of subscribers worldwide.

Allot (Nasdaq: ALLT) (TASE: ALLT), a provider of network intelligence and security solutions, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC).

The report, which includes audited financial statements, is accessible on both the SEC's website and Allot's investor relations portal. Shareholders can request a free hard copy of the annual report by contacting the company via email.