Allot Ltd Stock Price, News & Analysis

Allot Ltd (NASDAQ: ALLT) has secured a partnership with a significant North American carrier to provide cybersecurity services for 4G and 5G consumers. This agreement, finalized toward the end of 2021, will see both parties sharing recurring revenue from monthly service fees. The NetworkSecure solution allows for clientless operation and protects users against cyber threats such as malware and phishing attacks. This milestone positions the carrier as a leader in offering network-based security services without requiring additional installation by customers.

Allot Ltd. (NASDAQ: ALLT) announced a conference call to discuss its fourth quarter and full year 2021 earnings on February 15, 2022, at 8:30 AM ET. The unaudited financial results will be released before the call. Allot specializes in network intelligence and security-as-a-service solutions for communication service providers and enterprises, with over 500 providers and 20 million subscribers using their services globally.

Allot Ltd (NASDAQ: ALLT) released its H2 2021 Cyber Threat Report, revealing a staggering 2.97 billion cyber threats were blocked, marking a 500% increase compared to H1 2021. The report highlights the dominance of adware, comprising 74% of all blocked threats, with the omnatuor.com browser hijacker and Flubot phishing attacks being the most prevalent. Notably, 421 million threats linked to Flubot were thwarted. The report emphasizes the evolving tactics of cybercriminals, especially around major holidays.

Allot Ltd (NASDAQ: ALLT) announced a partnership with Entel, Peru’s telecom provider, to launch NetworkSecure, a cybersecurity solution aimed at mobile users. The service will shield customers from various cyber threats and offer parental controls, requiring no software installation. This collaboration establishes a recurring revenue model for Allot based on monthly fees shared with Entel. The launch is timely, as nearly half of Peru's mobile users have faced cyberattacks. The partnership enhances customer engagement through ongoing notifications about service benefits.

Allot Ltd (NASDAQ: ALLT) recently announced its Allot NetworkSecure solution successfully blocked nearly 1.7 million phishing attacks targeting Amazon shoppers in Europe during November 2021. The attacks, disguised as fake promotions spread via WhatsApp, sought to gather sensitive financial information. Allot's solution operates without the need for customer installation, offering a seamless security experience. This event underscores the effectiveness of Allot's cybersecurity services, providing significant protection to service provider customers against extensive phishing attempts.

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.