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 Ltd (NASDAQ: ALLT) announced that its partner, Far EasTone, has successfully launched the Guardian Network service based on Allot's NetworkSecure, garnering nearly 200,000 subscribers within three months. Announced at the Mobile World Congress in Barcelona, this cybersecurity service detected and blocked 2.7 billion threats during this short period, benefiting approximately 30% of its subscribers. The service is designed for easy operation without the need for application installation, ensuring user-friendly interface and brand loyalty through tailored alerts and reporting.
Allot Ltd. (NASDAQ: ALLT) has reported its fourth quarter and full year 2022 financial results, revealing Q4 revenues of $33.0 million, a 19% decline from Q4 2021's $41.0 million. For the full year, revenues totaled $122.7 million, down 16% year-over-year. While SECaaS revenue grew 79% in Q4 and 73% for the year, the company's GAAP net loss was $6.7 million in Q4 and $32.0 million for 2022. The management anticipates 2023 revenues between $110 million and $120 million but expects operating losses to continue, predicting profitability in 2024 as they transition to a recurring revenue model.
FAQ
What is the current stock price of Allot (ALLT)?
What is the market cap of Allot (ALLT)?
