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) delivers essential network intelligence and cybersecurity solutions to global service providers and enterprises. This dedicated news hub provides investors and technology professionals with timely updates on corporate developments, product innovations, and strategic initiatives shaping the network security landscape.
Access authoritative coverage of Allot's SECaaS implementations, traffic management advancements, and partnership announcements. Our curated collection includes earnings reports, regulatory filings, and analysis of emerging trends in network analytics. Regular updates ensure stakeholders maintain informed perspectives on Allot's market position within the competitive telecom cybersecurity sector.
Key content focuses on operational milestones including new client deployments, technology patents, and security solution enhancements. Users will find detailed reporting on network optimization strategies and threat prevention frameworks critical to modern digital infrastructure. Bookmark this page for streamlined monitoring of Allot's contributions to 5G security, IoT protection, and cloud-based network management solutions.
Allot (NASDAQ: ALLT) announced its unaudited Q1 2024 financial results. The company reported a 4% year-over-year revenue increase to $21.9 million. Gross margins improved to 69.0% on a GAAP basis and 70.4% non-GAAP. SECaaS revenues rose 51% to $3.4 million, with an ARR of $13.7 million. Net loss decreased significantly, improving by 77.9% on a GAAP basis to $2.5 million, and by 88.8% on a non-GAAP basis to $0.9 million. The company expects to break even in non-GAAP operating profit and net cash flow for the full year 2024. CEO Eyal Harari emphasized the company's efforts to align operating costs and drive profitability while investing in long-term growth through SECaaS.
Allot (NASDAQ: ALLT, TASE: ALLT) announces the appointment of Liat Nahum as the new Chief Financial Officer, effective July 1, 2024. Nahum brings over two decades of financial and international management experience from top technology companies. She has held leadership roles at Amdocs and Taboola Inc., both listed on NASDAQ. Allot's CEO, Eyal Harari, expressed confidence in Nahum’s ability to drive the company's financial strategy and business success. Nahum is a CPA with a B.A. in Finance and Accounting from the University of Haifa and an M.B.A. in Accounting and Business Management from the Ruppin Academic Center.
Allot (NASDAQ: ALLT, TASE: ALLT) will release its first quarter 2024 earnings on May 29, 2024, and host a conference call to discuss the results. The company is a global provider of network intelligence and security solutions for communication service providers and enterprises, with over 500 mobile, fixed, and cloud service providers as clients. Allot's innovative solutions are used for network and application analytics, traffic control, network-based security services, and more.
Allot announced the appointment of Eyal Harari as its new Chief Executive Officer, replacing Mr. Erez Antebi. Mr. Harari brings vast experience and skills in areas synergistic to Allot's business. This change reflects the company's commitment to growth and innovation.
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