Allot Ltd Stock Price, News & Analysis

Allot Ltd (NASDAQ: ALLT) announced the launch of cybersecurity services by Poland's leading mobile operator, Play, which has over 15 million subscribers. The new services include NetworkSecure and EndpointSecure, providing clientless cybersecurity solutions to protect users from malware, phishing, and ransomware. The partnership aims to enhance consumer security while increasing brand loyalty and generating new revenue for Play. Allot's platforms are already in use by over 20 million subscribers globally.

Allot Ltd. (NASDAQ: ALLT) has announced that Field Solutions Group, Australia's leading telecommunications carrier, has chosen Allot Secure for cybersecurity services. This partnership enables Field Solutions to offer protection against cyber threats for its customers, while generating new revenue through monthly service fees.

Allot's NetworkSecure platform provides zero-touch cybersecurity services, ensuring ease of customer onboarding and comprehensive protection, including parental controls and content filtering for SMBs.

Allot Ltd. (NASDAQ: ALLT) reported Q3 2021 revenue growth of 10% year-over-year to $38.2 million. The company achieved an operating profit of $0.3 million on a non-GAAP basis, contrasting with a $1 million loss in Q3 2020. Non-GAAP net loss decreased to $0.2 million, or $0.00 loss per share, down from $1.2 million. Management expects 2021 revenue between $145-$146 million but warns of delays in Security as a Service (SECaaS) revenue targets. Cash stood at $99.2 million as of September 30, 2021.

Allot Ltd. (NASDAQ: ALLT) announced a conference call set for November 9, 2021, at 8:30 AM ET to discuss its third quarter 2021 earnings results. The financial results will be disclosed before the call. Interested parties can join the call through various numbers or via a live webcast on Allot's investor website. Allot specializes in network intelligence and security solutions for service providers and enterprises, boasting a customer base that includes over 500 service providers and 1,000 enterprises globally, with a significant penetration in its security-as-a-service offerings.

Allot Ltd (NASDAQ: ALLT) has partnered with a Tier 1 Eastern European mobile operator to deploy Allot DNS Secure, enhancing cybersecurity for both pre-paid and post-paid consumer customers. The agreement entails shared recurring monthly revenues from these services. Allot DNS Secure safeguards users against various cyber threats, including malware and phishing, and is designed to be cost-effective for budget-conscious customers. This deployment underscores Allot’s commitment to providing scalable and effective solutions to meet operator needs.

Allot Ltd (NASDAQ: ALLT) announced a partnership with a Mexican broadband provider to deliver cybersecurity and content control services for small and medium businesses (SMB) and home office clients. The BusinessSecure solution offers zero-touch protection against cyber threats without requiring device downloads. This service will generate recurring revenue shared between Allot and the provider. The system enhances security for devices connected to business networks, including IoT, and provides content control policies configured per device.

Allot Ltd (NASDAQ: ALLT) has replaced its existing network solution with SmartTraffic QoE for Asahi Net, enhancing Quality of Experience (QoE) for customers in Japan. This innovative solution offers advanced network traffic analytics and real-time traffic management capabilities, expanding Allot's footprint in the Japanese market. The SG-Tera II platform supports up to 1 Tbps of traffic, addressing challenges in bandwidth management. Allot aims to collaborate further with Asahi Net to develop new broadband services.

Allot Ltd, a global leader in network intelligence and security solutions, announced that Italy's Eolo is expanding its Allot NetworkSecure capacity. This decision responds to a surge in demand for cybersecurity services from Eolo's fixed wireless customers. Eolo has ordered an expansion of its software license to accommodate this growth. NetworkSecure enables zero-touch cybersecurity, protecting users from malware, phishing, and ransomware. Notably, some service providers have achieved up to 50% adoption rates for these services.

Allot Ltd. (NASDAQ: ALLT) reported second quarter 2021 results, showcasing an 8% year-over-year revenue growth to $35.3 million. The company achieved a reduction in operating and net losses by nearly 40% YoY, with cash and investments rising to $105.6 million. Significant developments include a win for the 5G Netprotect product in APAC and new SECaaS contracts across multiple regions. Management anticipates revenues to reach $145-150 million for 2021 and recurring security revenues of approximately $5 million in 2021 and $25 million in 2022.