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, TASE: ALLT) is a provider of converged cybersecurity solutions and network intelligence offerings for service providers and enterprises worldwide. The Allot news feed on Stock Titan brings together company announcements, financial disclosures and partnership updates that reflect how its Security-as-a-Service (SECaaS) and network intelligence business is evolving.
Readers can find press releases where Allot discusses unaudited quarterly financial results, including revenue trends, operating income or loss, cash flow and non‑GAAP metrics. These items often highlight the role of SECaaS in the company’s revenue mix and provide context on performance metrics such as SECaaS annual recurring revenue (ARR), as described in Allot’s own communications.
The news stream also features updates on commercial agreements and deployments of Allot technology by communication service providers. Recent examples include Más Móvil Panamá selecting Allot NetworkSecure to provide network-native cybersecurity and parental control services, Play in Poland choosing DNS Secure to extend cybersecurity protection to fixed broadband customers, and Compax Venture implementing MVNO offerings based on NetworkSecure and OffNetSecure. These announcements illustrate how Allot’s platforms are used in mobile, fixed and broadband environments.
In addition, investors can follow notices about Allot’s participation in investor conferences, equity offerings and shareholder meetings, which are often coordinated with related Form 6‑K filings. For anyone tracking ALLT stock, this page offers a centralized view of the company’s own news releases, from cybersecurity partnerships to financial updates, in one place.
Allot Ltd. (NASDAQ: ALLT) announced a conference call to discuss its Q4 and full year 2022 financial results on February 28, 2023, at 8:30 AM ET. The unaudited results will be published before the call. Investors can dial US: 1-888-642-5032, UK: 0-800-917-5108, or Israel: +972-3-918-0610 to access the call. A live webcast will be available on the Allot website, with an archived version to follow. Allot specializes in network intelligence and security-as-a-service solutions, with over 500 service providers and 1000 enterprises using their platforms worldwide. More than 20 million subscribers rely on their security services globally.
Allot Ltd (NASDAQ: ALLT) announced that Far EasTone Telecommunications (FET) in Taiwan has launched cybersecurity threat protection services using Allot's NetworkSecure solution. This partnership allows FET to offer protection from various cyber threats without requiring application installation, enhancing customer loyalty. The service will generate recurring revenue for both companies from monthly fees. Allot aims to strengthen its presence in the cybersecurity market by collaborating with FET and CommVerge for local support and solution integration.
Allot Ltd. (NASDAQ: ALLT) reported its Q3 2022 financial results with revenues of $25.0 million, down 34% from $38.2 million in Q3 2021. The GAAP net loss reached $12.9 million or $0.35 per share, compared to a loss of $3.1 million a year earlier. Despite challenges, management maintains its 2022 revenue guidance of $125-$130 million, leaning towards the lower end. The company anticipates an increase in recurring security deals and aims for profitability by 2024.
Allot Ltd. (NASDAQ: ALLT) announced the nomination of Ms. Cynthia L. Paul to its Board of Directors, pending shareholder approval at the Annual Meeting on December 14, 2022. Ms. Paul has over 25 years of experience, currently serving as CEO and CIO of Lynrock Lake LP, with a history at Soros Fund Management and other prominent roles. Her extensive background in investment and technology is expected to enhance Allot's governance and strategic direction. The company continues to provide innovative network intelligence and security solutions globally.
Allot Ltd (NASDAQ: ALLT) announced that Verizon has chosen its NetworkSecure solution to provide cybersecurity protection for some of its wireless and fixed wireless Small and Medium Business (SMB) and IoT customers. Allot will receive a monthly fee based on customer usage of the service, which offers protection against various cyber threats including malware and phishing attacks. This partnership signifies a move towards enhancing cybersecurity for Verizon’s customer segments while leveraging Allot’s clientless, zero-touch operation approach.
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Allot Ltd. (NASDAQ: ALLT) announced a conference call on November 15, 2022, at 8:30 AM ET to discuss its third quarter 2022 results. The unaudited financial results will be released before the call. Investors can join via provided dial-in numbers or a live webcast on Allot's investor website. Allot specializes in innovative network intelligence and security solutions for communication service providers and enterprises, servicing over 500 service providers and 1,000 enterprises globally, with its security solutions reaching over 20 million subscribers.
Allot Ltd (NASDAQ: ALLT) has teamed up with Vantiva through the Vantiva HERO Partner Program to integrate its HomeSecure and BusinessSecure cybersecurity solutions into Vantiva's broadband gateways. This initiative aims to deliver enhanced cyber threat protection for home and small business users. The collaboration allows Allot to leverage Vantiva's existing market footprint and service provider partners, facilitating mass provisioning of its security services. This integration offers consumers zero-touch network visibility and advanced security features without requiring user configuration.
Allot Ltd. (NASDAQ: ALLT) reported second quarter 2022 revenues of $32.8 million, a 7% decline from $35.3 million in Q2 2021. The company faced a GAAP operating loss of $6.5 million and a net loss of $6.2 million. For the full year, it adjusted its revenue guidance to $125 - 130 million, expecting Q3 revenues around $25 million. Despite challenges in closing CAPEX deals, management anticipates 15% year-over-year growth in ARR by December 2022, with a goal of profitability by 2024.
Allot Ltd. (NASDAQ: ALLT) will host a conference call on August 16, 2022, at 8:30 AM ET to discuss its second quarter 2022 results. The unaudited financial results will be released before the call. Access numbers include US: 1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0609. A live webcast will be available on Allot's investor website, with an archived version accessible later.
Allot provides innovative network intelligence and security services globally, enhancing customer value across over 500 service providers and 1000 enterprises.