Allot Ltd. provides network intelligence and security solutions to protect and personalize the digital experience in Europe, Asia, Oceania, the Middle East, Africa, and the Americas. It offers Allot Service Gateway (Allot SG) platforms, including Allot SG-Tera, Allot SG9x000, and Allot SG-VE and CE for in-line deployment in traditional and virtualized network access infrastructure. The company also provides subscriber management platform that drives the centralized creation, provisioning, and pricing of subscriber services; and analytics solutions comprising Allot ClearSee Analytics and Allot ClearSee Data Source that analyze traffic data. In addition, it offers security solutions comprising Allot NetworkSecure, Allot HomeSecure, Allot DNSecure, EndPoint Secure, Allot Content Protector, Allot IoTSecure, Allot DDoS Secure, Allot SpamOut Protector, and Allot Secure Management, as well as security as a service solutions for protecting network service integrity and brand reputation. Further, the company offers centralized management solutions, such as Allot NetXplorer for providing a central access point for network-wide monitoring, reporting, analytics, troubleshooting, accounting, and quality of service policy provisioning. It markets its products through direct sales, distributors, resellers, original equipment manufacturers, and system integrators to carriers, mobile and fixed service providers, cable operators, private networks, data centers, educational institutions, governments, and enterprises, as well as wireless, wireline, and satellite Internet service providers. The company was formerly known as Allot Communications Ltd. and changed its name to Allot Ltd. in October 2018. Allot Ltd. was incorporated in 1996 and is based in Hod-Hasharon, Israel.
IPO Year: 2006
Exchange: NASDAQ
Website: allot.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/5/2024 | $13.00 | Market Perform → Outperform | Northland Capital |
| 5/17/2022 | Buy → Hold | Lake Street | |
| 2/17/2022 | $14.00 → $10.00 | Neutral → Underperform | BofA Securities |
| 2/16/2022 | $22.00 → $16.00 | Buy | Needham |
| 12/8/2021 | $23.00 | Outperform | Northland Capital |
| 11/11/2021 | $21.00 → $14.00 | Buy → Neutral | BofA Securities |
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6-K - Allot Ltd. (0001365767) (Filer)
6-K - Allot Ltd. (0001365767) (Filer)
Reports non-GAAP operating profit for the first time in three years HOD HASHARON, Israel, Nov. 19, 2024 /PRNewswire/ -- Allot Ltd. (NASDAQ:ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited financial results for the third quarter of 2024. Financial Highlights for the Third Quarter Revenues of $23.2 million were up 5% sequentially and 3% year over year, representing a return to growth,;Non-GAAP gross margin was 71.7%;Security as a Service (SECaaS) revenues continued to grow strongly, increasing 69% year-over-year to $4.7 million, in line with expectations; Septe
Hod Hasharon, Israel, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and converged network-native security solutions for communication service providers and enterprises, has today announced that Vodafone UK has recently launched Secure Net Home, extending network-native, next generation threat protection and content control services to their fixed broadband customers using Allot's award winning HomeSecure solution. Eyal Harari, CEO of Allot said: "HomeSecure, a member of the Allot Secure family, is a next generation cybersecurity solution from Allot which protects the subscriber's broadband network an
Hod Hasharon, Israel, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and converged network-native security solutions for communication service providers and enterprises, today announced that Portugal's MEO will deploy a new security service named Casa Segura for its fixed broadband consumer customers. The service will be based on Allot HomeSecure, an Allot solution that was chosen by MEO in a deal that was signed late in 2023. Allot and MEO have agreed to a subscription-based business model, wherein Allot will be a partner for MEO's consumer security needs. This unified experience will be facilitated
Hod Hasharon, Israel, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT)), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, announced today that it will host a conference call to discuss its third quarter 2024 results on Tuesday, November 19, 2024 at 8:30AM ET (1:30PM UK, 3:30PM Israel). The unaudited financial results of the quarter will be published prior to the commencement of the conference call. To access the conference call, please dial one of the following numbers: US: 1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0610 A li
HOD HASHARON, Israel, Aug. 27, 2024 /PRNewswire/ -- Allot Ltd. (NASDAQ:ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited financial results for the second quarter of 2024. Financial Highlights for the Second Quarter Revenues were $22.2 million, stable compared with that of the prior quarter;Non-GAAP gross margin was 70.6%;Security as a Service (SECaaS) revenues continued to grow, increasing 54% year-over-year to $3.7 million;June 2024 SECaaS ARR* was $14.6 million;Operating loss improved significantly year over year: declining 84% to $3.4 million on a GAAP basi
Hod Hasharon, Israel, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, announced today that it will host a conference call to discuss its second quarter 2024 results on Tuesday, August 27, 2024 at 9:00AM ET (2:00PM UK, 4:00PM Israel). The unaudited financial results of the quarter will be published prior to the commencement of the conference call. To access the conference call, please dial one of the following numbers: US: 1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0610 A li
HOD HASHARON, Israel, May 29, 2024 /PRNewswire/ -- Allot Ltd. (NASDAQ:ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited first quarter 2024 financial results. Financial Highlights for the First Quarter First quarter revenues were $21.9 million, up 4% year-over-year;First quarter gross margins improved year over year by 8.1% to 69.0% on a GAAP basis and by 4.7% to 70.4% on a non-GAAP basis;SECaaS revenues were $3.4 million for Q1 up 51% year-over-year and March 2024 SECaaS ARR* was $13.7 million;Net loss improved and was reduced significantly year over year: on
Hod Hasharon, Israel, May 29, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced the appointment of Mrs. Liat Nahum as the new Chief Financial Officer of the Company. Nahum, who will join Allot on July 1st, 2024, brings with her significant financial and international management experience from leadership roles at publicly listed technology companies. "I am happy to welcome Liat to our executive team. She will partner with me to usher in a new chapter for Allot, with the goal of driving renewed business success. Liat brings m
Hod Hasharon, Israel, May 09, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, announced today that it will host a conference call to discuss its first quarter 2024 results on Wednesday, May 29, 2024 at 9:00AM ET (2:00PM UK, 4:00PM Israel). The unaudited financial results of the quarter will be published prior to the commencement of the conference call. To access the conference call, please dial one of the following numbers: US: 1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0610 A live
Hod Hasharon, Israel, May 06, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced the appointment of Eyal Harari as its Chief Executive Officer effective May 6, 2024. He will be replacing Mr. Erez Antebi. At the request of the company's Board of Directors, Mr. Antebi has agreed to assist Mr. Harari during a transition period and thereafter, to continue to provide consulting services to the company. "We are extremely pleased that Eyal is joining Allot as Chief Executive Officer. He brings his vast experience, management and b
Reports non-GAAP operating profit for the first time in three years HOD HASHARON, Israel, Nov. 19, 2024 /PRNewswire/ -- Allot Ltd. (NASDAQ:ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited financial results for the third quarter of 2024. Financial Highlights for the Third Quarter Revenues of $23.2 million were up 5% sequentially and 3% year over year, representing a return to growth,;Non-GAAP gross margin was 71.7%;Security as a Service (SECaaS) revenues continued to grow strongly, increasing 69% year-over-year to $4.7 million, in line with expectations; Septe
Hod Hasharon, Israel, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT)), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, announced today that it will host a conference call to discuss its third quarter 2024 results on Tuesday, November 19, 2024 at 8:30AM ET (1:30PM UK, 3:30PM Israel). The unaudited financial results of the quarter will be published prior to the commencement of the conference call. To access the conference call, please dial one of the following numbers: US: 1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0610 A li
HOD HASHARON, Israel, Aug. 27, 2024 /PRNewswire/ -- Allot Ltd. (NASDAQ:ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited financial results for the second quarter of 2024. Financial Highlights for the Second Quarter Revenues were $22.2 million, stable compared with that of the prior quarter;Non-GAAP gross margin was 70.6%;Security as a Service (SECaaS) revenues continued to grow, increasing 54% year-over-year to $3.7 million;June 2024 SECaaS ARR* was $14.6 million;Operating loss improved significantly year over year: declining 84% to $3.4 million on a GAAP basi
Hod Hasharon, Israel, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, announced today that it will host a conference call to discuss its second quarter 2024 results on Tuesday, August 27, 2024 at 9:00AM ET (2:00PM UK, 4:00PM Israel). The unaudited financial results of the quarter will be published prior to the commencement of the conference call. To access the conference call, please dial one of the following numbers: US: 1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0610 A li
HOD HASHARON, Israel, May 29, 2024 /PRNewswire/ -- Allot Ltd. (NASDAQ:ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited first quarter 2024 financial results. Financial Highlights for the First Quarter First quarter revenues were $21.9 million, up 4% year-over-year;First quarter gross margins improved year over year by 8.1% to 69.0% on a GAAP basis and by 4.7% to 70.4% on a non-GAAP basis;SECaaS revenues were $3.4 million for Q1 up 51% year-over-year and March 2024 SECaaS ARR* was $13.7 million;Net loss improved and was reduced significantly year over year: on
Hod Hasharon, Israel, May 09, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, announced today that it will host a conference call to discuss its first quarter 2024 results on Wednesday, May 29, 2024 at 9:00AM ET (2:00PM UK, 4:00PM Israel). The unaudited financial results of the quarter will be published prior to the commencement of the conference call. To access the conference call, please dial one of the following numbers: US: 1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0610 A live
HOD HASHARON, Israel, Feb. 15, 2024 /PRNewswire/ -- Allot Ltd. (NASDAQ:ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited fourth quarter and full-year 2023 financial results. Financial Highlights Fourth quarter revenues were $24.3 million and full-year 2023 revenues were $93.2 million;SECaaS revenues were $3.2 million for Q4 and $10.6 million for FY 2023, up 41.5% and 48.4% year-over-year respectively.December 2023 SECaaS ARR* was $12.7 million;Q4 GAAP net loss was $18.3 million and non-GAAP net loss was $16.4 million, including a credit loss provision for 2 sp
HOD HASHARON, Israel , Jan. 11, 2024 /PRNewswire/ -- Allot Ltd. (NASDAQ:ALLT), (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced preliminary unaudited financial results for the year ended December 31, 2023. Allot expects revenues, SECaaS revenues, and Total ARR to be within the guidance range the company provided on November 16, 2023. As of December 31, 2023, cash, bank deposits, and marketable securities totaled approximately $55 million, also within the guidance range previously provided. Allot expects to recognize an increase of approximately $9 million in allowance for cr
HOD HASHARON, Israel, Nov. 16, 2023 /PRNewswire/ -- Allot Ltd. (NASDAQ:ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited financial results for the third quarter ended September 30, 2023. Q3 Financial Highlights Third quarter revenues were $22.6 million;SECaaS revenues were $2.8 million; September 2023 SECaaS ARR* was $10.6 million;Third quarter GAAP operating loss was $12.7 million, and non-GAAP operating loss was $11.1 million; Q3 GAAP net loss was $12.4 million, and non-GAAP net loss was $10.8 million; Financial Outlook Looking ahead, management expectations
Hod Hasharon, Israel, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, announced today that it has rescheduled its conference call to discuss its third quarter 2023 earnings results to Wednesday, November 22, 2023 at 8:30 am ET, 3:30 pm Israel time. This change has been necessitated by the diagnosis of COVID-19 for Mr. Erez Antebi, Allot's Chief Executive Officer. Mr. Antebi is following medical guidance and focusing on recovery. The unaudited financial results of the quarter will continue to be pu
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Northland Capital upgraded Allot Comms from Market Perform to Outperform and set a new price target of $13.00
Lake Street downgraded Allot Comms from Buy to Hold
BofA Securities downgraded Allot Comms from Neutral to Underperform and set a new price target of $10.00 from $14.00 previously
Needham reiterated coverage of Allot with a rating of Buy and set a new price target of $16.00 from $22.00 previously
Northland Capital initiated coverage of Allot Comms with a rating of Outperform and set a new price target of $23.00
BofA Securities downgraded Allot Comms from Buy to Neutral and set a new price target of $14.00 from $21.00 previously
Needham reiterated coverage of Allot with a rating of Buy and set a new price target of $22.00 from $15.00 previously
Hod Hasharon, Israel, May 29, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced the appointment of Mrs. Liat Nahum as the new Chief Financial Officer of the Company. Nahum, who will join Allot on July 1st, 2024, brings with her significant financial and international management experience from leadership roles at publicly listed technology companies. "I am happy to welcome Liat to our executive team. She will partner with me to usher in a new chapter for Allot, with the goal of driving renewed business success. Liat brings m
Hod Hasharon, Israel, May 06, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced the appointment of Eyal Harari as its Chief Executive Officer effective May 6, 2024. He will be replacing Mr. Erez Antebi. At the request of the company's Board of Directors, Mr. Antebi has agreed to assist Mr. Harari during a transition period and thereafter, to continue to provide consulting services to the company. "We are extremely pleased that Eyal is joining Allot as Chief Executive Officer. He brings his vast experience, management and b
Hod Hasharon, Israel, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced that its Board of Directors has appointed David Reis as Chairman of the Board effective immediately. Current Chairman and Founder, Yigal Jacoby, has decided to step down from his position as Chairman in order to focus on other opportunities. He will remain a director until the end of this year. "David brings decades of experience leading high growth companies," said Mr. Jacoby. "I am confident that under his leadership, Allot will drive profit
Hod Hasharon, Israel, May 12, 2022 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, today announced that it has appointed Raffi Kesten to its Board of Directors as an independent director. The Company also announced that it has entered into a Cooperation Agreement with Outerbridge Capital Management, LLC ("Outerbridge Capital"), QVT Financial LP, and certain of their affiliates (collectively, "Outerbridge"), which collectively own approximately 7.5% of the Company's outstanding shares. Raffi Kesten brings to Allot o
Financial Outlook For the full year 2024, management reiterates that it expects: Non-GAAP operating profit and net cash flow breakeven; Continued yearly double-digit growth of SECaaS revenues and ARR;
Allot (NASDAQ:ALLT) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.11) by 72.73 percent. The company reported quarterly sales of $21.890 million which beat the analyst consensus estimate of $19.100 million by 14.61 percent. This is a 3.62 percent increase over sales of $21.126 million the same period last year.
Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced the appointment of Mrs. Liat Nahum as the new Chief Financial Officer of the Company. Nahum, who will join Allot on July 1st, 2024, brings with her significant financial and international management experience from leadership roles at publicly listed technology companies. "I am happy to welcome Liat to our executive team. She will partner with me to usher in a new chapter for Allot, with the goal of driving renewed business success. Liat brings more than twenty years of experience, great talent, and fin
Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced the appointment of Eyal Harari as its Chief Executive Officer effective May 6, 2024. He will be replacing Mr. Erez Antebi. At the request of the company's Board of Directors, Mr. Antebi has agreed to assist Mr. Harari during a transition period and thereafter, to continue to provide consulting services to the company.
Allot Ltd. (NASDAQ:ALLT, TASE: ALLT))))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced that its Chief Financial Officer, Ziv Leitman, is leaving the company to assume the position of Chief Financial Officer at a promising start up company in a different field of activity. The Company has commenced a formal search for a new Chief Financial Officer. To ensure a seamless transition, Mr. Leitman will continue in his position through June 30, 2024.
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Financial Outlook Looking ahead to 2024, management expectations are as follows: Full-year 2024 non-GAAP operating profit and free cash flow breakeven Continued double-digit growth of SECaaS revenues and ARR
Allot (NASDAQ:ALLT) reported quarterly losses of $(0.43) per share which missed the analyst consensus estimate of $(0.16) by 168.75 percent. This is a 230.77 percent decrease over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $24.34 million which beat the analyst consensus estimate of $22.26 million by 9.35 percent. This is a 26.30 percent decrease over sales of $33.03 million the same period last year.