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.
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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.
Allot Ltd (NASDAQ: ALLT) announces that Proximus, under its Tango brand, has launched cybersecurity services using Allot NetworkSecure for mobile customers in Luxembourg. NetworkSecure provides a zero-touch, clientless operation that protects users from malware, phishing, and ransomware without requiring app installation. Luis Camara, CMO of Tango, emphasized the ease of use and enhanced customer trust. Allot's CMO, Vered Zur, noted the growing adoption of NetworkSecure among service providers to enhance customer cyber safety.
Allot Ltd (NASDAQ: ALLT) announced that Ethio Telecom has chosen its SmartTraffic QoE solution to enhance network performance for mobile users in Ethiopia. This solution offers advanced network traffic analytics and effective bandwidth management, aimed at improving customer experience. By prioritizing critical applications, it ensures that heavy users do not disrupt overall service quality. Allot aims to leverage its successful deployments in Africa to support Ethio Telecom in rolling out competitive service plans.
Allot Ltd. (NASDAQ: ALLT) has partnered with Singtel to provide cybersecurity services tailored for Small and Medium Sized Business (SMB) customers. The collaboration will utilize Allot's NetworkSecure solution, which offers clientless operation and protection against cybersecurity threats such as malware, viruses, and ransomware. This partnership aims to address the cybersecurity needs of SMBs, allowing them to benefit from robust security services without requiring IT expertise. Additionally, NetworkSecure supports large-scale deployments, suitable for extensive networks.
Allot Ltd. (NASDAQ: ALLT) reported first quarter 2022 revenues of $31.9 million, a 2% increase year-over-year, with a gross margin of 70% on a non-GAAP basis. Despite this growth, the company faced challenges with a GAAP operating loss of $5.7 million and a net loss of $6.1 million. For 2022, Allot expects revenues between $135-140 million despite delays in service launches and adverse market conditions. However, they anticipate significant growth in ARR and recurring security deals.
Allot Ltd (NASDAQ: ALLT) announced the appointment of Raffi Kesten as an independent director, effective May 12, 2022. Kesten, with over 30 years of experience in tech and cybersecurity, will replace Ronnie Kenneth, who is stepping down to focus on his impact fund. Additionally, Allot has entered a Cooperation Agreement with Outerbridge Capital and QVT Financial, which collectively own 7.5% of Allot's shares, supporting the nomination of Kesten at upcoming shareholder meetings. Outerbridge intends to enhance shareholder value through proactive engagement.