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Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a leading global provider of innovative network intelligence and security solutions designed to enhance the value to service providers and enterprises worldwide. With a customer base spanning Europe, Asia, the Americas, the Middle East, and Africa, Allot's solutions are widely recognized for their effectiveness in network and application analytics, traffic control and shaping, as well as network-based security services. Their multi-service platforms have been deployed by over 500 mobile, fixed, and cloud service providers and more than 1,000 enterprises globally.
Allot's industry-leading network-based Security-as-a-Service (SECaaS) has already achieved over 50% penetration among some service providers and is utilized by millions of subscribers across Europe. This broad adoption underscores Allot's reputation for delivering high-value security solutions that are easy to integrate and manage. Recently, Allot announced an increase in SECaaS revenues by 41.5% year-over-year, reflecting the growing demand for their services.
Financially, Allot's second quarter of 2024 showed revenues of $21.9 million, a 4% year-over-year increase. Their gross margin improved significantly, and they reported a net loss reduction by 77.9% on a GAAP basis. Allot's focus on transforming its business towards a recurring revenue model aims to drive sustainable profitable growth. Despite some financial challenges, such as credit loss provisions and macroeconomic impacts, Allot is committed to achieving profitability in 2024.
Allot’s continuous innovation has not gone unnoticed, having recently received the 2024 Customer Value Leader award from Frost & Sullivan for their contributions to CSP security. This award highlights Allot's strengths in innovation, customer service, and market performance.
For the latest updates and detailed financial results, visit their [investor page](http://investors.allot.com/). For more information on their products and services, visit [Allot's website](http://www.allot.com/).
Allot Ltd. (NASDAQ: ALLT) reported its third quarter 2020 results, revealing revenues of $34.8 million, a significant 26% increase year-over-year. The non-GAAP operating loss was reduced to $1.0 million, down from $2.2 million in Q3 2019. GAAP net loss stood at $2.4 million, slightly higher than the previous year. Allot reaffirmed its guidance for full-year revenues between $135 - $140 million, anticipating profitability in Q4. The company highlighted continued demand for its security solutions despite some delays due to COVID-19.
Allot Ltd (NASDAQ: ALLT) announced that MEO, a brand of Altice Portugal, has launched MEO Net Segura, a cybersecurity service powered by Allot's NetworkSecure. This service protects consumers from various cyber threats and includes parental controls without requiring any downloads or configurations. Allot's EndpointSecure solution enhances MEO's capabilities, allowing cybersecurity protection even when customers are offline. The initiative is expected to improve customer engagement and loyalty while creating a new revenue stream for MEO. Allot reports significant adoption rates for its solutions among telecommunications customers globally.
Allot Ltd (NASDAQ: ALLT) has secured a contract with a Tier-1 telecom operator in APAC for its HomeSecure cybersecurity and parental control solution. This deployment will protect home routers and connected devices, utilizing a zero-touch and clientless approach. The services are set to reach millions of broadband customers, aiming to address the region's high malware encounter rate, which is 1.6 times the global average. With features like AI-driven device profiling and easy management via an app, HomeSecure enhances network security while providing a valuable service to telecom providers.
Allot Ltd. (NASDAQ: ALLT) announced a conference call scheduled for November 4, 2020, at 8:30 AM ET to discuss its third quarter 2020 earnings results. The financial results will be available prior to the call. Allot is recognized for its innovative network intelligence and security-as-a-service solutions, serving over 500 service providers and more than 1000 enterprises globally. Their solutions, including network-based security services, have over 50% penetration with certain providers and are utilized by over 23 million subscribers in Europe.
Allot Ltd (NASDAQ: ALLT) announced that a Tier-1 telecommunications provider in APAC has selected its Allot Smart solutions to enhance network performance. This implementation aims to reduce RAN CAPEX and improve the quality of experience (QoE) by up to 30% in crowded cells. The Allot ClearSee technology utilizes deep packet inspection and machine learning to provide real-time network data and automate congestion management, promising significant advancements in user experience.
Allot Ltd (NASDAQ: ALLT) announces the expansion of its network-based cybersecurity service, Conexión Segura, in partnership with Telefónica España. The service aims to protect small and medium-sized businesses from cyber threats, exceeding subscription forecasts by almost three years. Customer demand has grown at double-digit monthly rates since March 2020. Conexión Segura blocked over 1 million computer viruses and 168,000 malware instances in March and April alone. This service generates recurring revenue shared among Allot, Telefónica, and McAfee.
Allot Ltd. (NASDAQ: ALLT) will present at the LD 500 investor conference on September 1st at 7:00 AM PST. CEO Erez Antebi will be addressing attendees live. This event, which runs from September 1st to 4th, marks a significant return to virtual conferencing amid the pandemic, making it accessible to a broader audience. Allot, a leader in network intelligence and security-as-a-service solutions, is geared towards enhancing value for service providers and enterprises globally. Interested attendees can register online.
Allot Ltd. (NASDAQ: ALLT) has secured a contract from New Zealand's Department of Internal Affairs to provide a nationwide Digital Child Exploitation Filter (DCEF). Utilizing Allot's SmartSentinel and ContentProtector, the system identifies and blocks access to objectionable content related to child sexual abuse. The new solution is designed to be scalable and user-friendly, allowing for centralized URL filtering without CSP-level changes. This initiative aims to enhance online safety for New Zealand citizens by analyzing web activity and blocking harmful sites.
Allot Ltd. (NASDAQ: ALLT) reported second quarter 2020 revenues of $32.8 million, marking a 23% year-over-year increase. The company achieved a non-GAAP gross margin of 70.7%, improving from 69.8% in Q2 2019. Despite a net loss of $2.4 million (non-GAAP), the firm reiterated its forecast for full year revenues between $135 - $140 million. Management expects third quarter revenue to exceed Q2 results and anticipates profitability in Q4 2020. Cash and investments totaled $109.2 million as of June 30, 2020.
Allot Ltd. (NASDAQ: ALLT) announced a conference call to discuss its Q2 2020 earnings results on August 4, 2020, at 8:30 AM ET. The unaudited financial results will be released before the call. Investors can access the call via a designated phone number or through a live webcast on Allot's website. Allot provides network intelligence and security solutions for service providers and enterprises, with a user base exceeding 23 million subscribers in Europe. The company's innovative solutions are deployed by over 500 service providers globally.
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