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 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.
Allot (NASDAQ: ALLT) announced its Q2 2024 financial results, showing stable revenues of $22.2 million compared to the previous quarter. Key highlights include:
- SECaaS revenues grew 54% year-over-year to $3.7 million
- Operating loss improved significantly, declining 84% to $3.4 million (GAAP) and 95% to $1 million (non-GAAP)
- Positive operating cash flow of $1.2 million, first time in three years
- Net cash increased by $0.6 million during the quarter
For H2 2024, Allot expects non-GAAP operating profit around breakeven and stable net cash position. Full-year SECaaS revenue and ARR are projected to grow around 50% year-over-year. CEO Eyal Harari highlighted progress in operational efficiency and continued investment in SECaaS as a long-term growth engine.
Allot (NASDAQ: ALLT, TASE: ALLT), a leading provider of network intelligence and security-as-a-service solutions, has announced its upcoming second quarter 2024 earnings release and conference call. The event is scheduled for Tuesday, August 27, 2024, at 9:00AM ET (2:00PM UK, 4:00PM Israel). Unaudited financial results will be published prior to the call.
Investors can access the conference call via phone (US: 1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0610) or through a live webcast on the Allot website. The webcast will be archived for future reference. Allot serves over 500 mobile, fixed, and cloud service providers, as well as more than 1000 enterprises globally with its multi-service platforms.
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.