Financial Outlook
Looking ahead to 2024, management expectations are as follows:
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| 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 |
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
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
6-K - Allot Ltd. (0001365767) (Filer)
6-K - Allot Ltd. (0001365767) (Filer)
6-K - Allot Ltd. (0001365767) (Filer)
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
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
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.
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