STOCKS TELEGRAPH

Tag: ALLT stock

  • Allot (ALLT) Sees Uptick After Securing Strategic EMEA Deal

    Allot (ALLT) Sees Uptick After Securing Strategic EMEA Deal

    Allot Ltd. (NASDAQ: ALLT) shares are witnessing a notable uptick of 5.88%, trading at $9.03 as of the latest check on Monday. The upward momentum follows a landmark agreement with a Tier-1 telecommunications operator in the EMEA region, sparking renewed investor interest in the cybersecurity and network intelligence provider.

    Transformative Multi-Year EMEA Partnership

    The signing of a long term multi-million dollar contract has been announced by Allot. Under this deal, the company will supply an integrated suite of network intelligence and cybersecurity solutions to support both fixed and mobile networks.

    This includes Allot Smart services for traffic management, policy and charging control, analytics, and cybersecurity tools such as DDoS protection, anti-botnet measures, and reputation defense. The deployment will be powered by ALLT’s SG Tera-III platform, touted as the telecommunications market’s highest capacity multiservice gateway.

    This agreement is Allot’s most substantial customer win in five years and reflects its growing prominence in EMEA as it executes its security-first strategy. The unified platform will deliver services across fixed fiber and mobile 4G/5G networks, targeting cost reduction in bandwidth access, delayed capacity expansions, and improved customer experience through automation.

    Public Offering Strengthens Financial Position

    In a concurrent financial development, Allot disclosed the pricing of a public offering involving 5,000,000 ordinary shares at $8.00 per share. Underwriters have been given a 30-day option to issue an extra 750,000 shares. An estimated $40 million in gross profits are anticipated from the transaction.

    The company plans to utilize $31.41 million of the net proceeds to repay outstanding principal under a $40 million convertible note issued to its largest shareholder, Lynrock Lake Master Fund LP. The $8.59 million that remains will be changed into 1,249,995 common shares. Post-conversion, ALLT will carry no debt from borrowed capital, positioning itself for more robust operational flexibility.

    Debt-Free Outlook Following Note Conversion

    Lynrock and the offering’s underwriters have reached a 75-day lock-up agreement that applies to the converted shares. This development marks a significant shift in Allot’s balance sheet, effectively eliminating interest-bearing liabilities and enhancing shareholder value moving forward.

  • Allot (ALLT) Shares Rise On The Back Of Positive Q3 2024 Performance

    Allot (ALLT) Shares Rise On The Back Of Positive Q3 2024 Performance

    Allot Ltd. (NASDAQ: ALLT) stock is on a significant increase after the release of its Q3 2024 earnings report, climbing 10.96% to $4.00 as of the last check. This encouraging trend is a reflection of the company’s solid financial results and strategic developments.

    Allot Reported Strong Revenue Growth and Improved Losses

    Allot Ltd. (ALLT) reported total revenues of $23.2 million for the quarter, a 3% increase over $22.6 million for the same time last year. Revenue climbed 5% sequentially from the prior quarter’s $22.2 million.

    The company’s net loss also showed significant improvement, falling from $12.4 million, or $0.32 per basic share, to $0.2 million, or $0.01 per diluted share. Allot’s continuous attempts to improve its cash-generating and financial stability are demonstrated by this progress.

    Advancing Security as a Core Offering

    Allot’s strategic focus on becoming a security-first company has gained momentum, particularly through the integration of network intelligence and security services. The business thinks that this strategy will improve its value proposition and offer a strong basis for sustained expansion.

    Notably, its security-as-a-service offerings have become increasingly popular, gaining new clients and forming alliances with MEO and Vodafone. It is anticipated that these partnerships would increase Allot’s subscriber base and fortify its recurring income sources.

    ALLT Enhancing Security Services through a Partnership

    Vodafone UK has introduced Secure Net Home, a service that gives its fixed broadband users access to enhanced threat prevention and content restriction. This is a huge breakthrough. Powered by ALLT’s HomeSecure solution, Secure Net Home extends the capabilities of Vodafone’s existing Secure Net mobile protection services, ensuring comprehensive cybersecurity across multiple platforms.

    HomeSecure provides seamless protection for all connected devices within a home network, offering zero-touch visibility, cybersecurity, and parental controls, without requiring any installation by the end user. This integration further solidifies Allot’s position as a leader in network-native security solutions.

  • Allot Ltd. (ALLT) stock gained in the pre-market; here is why?

    Allot Ltd. (ALLT) gained in the pre-market after the company announced that a North American Carrier Selected Allot to Provide Customers with Cybersecurity Services. ALLT values at $9.05, gaining more than 6% compared to yesterday’s closing price. The stock closed at $8.55 at the end of the previous trading session. The stock volume was around 208.89K shares.

    North American carriers choose Allot Ltd. (ALLT)

    Allot Ltd. (ALLT) announced today that it had signed an agreement at the end of 2021.  Allot NetworkSecure announced that a major North American carrier with millions of subscribers had picked the company’s Allot NetworkSecure platform to provide cybersecurity protection to its 4G and 5G clients. According to the agreement, the ongoing revenue from monthly cybersecurity service fees will be split between the carrier and Allot.

    NetworkSecure is a network-based solution that provides zero-touch, clientless operation and does not require the end-user to install any software. With NetworkSecure, the carrier can now defend its customers from threats including viruses, malware, phishing, and ransomware. Alerts and reports are provided through an easy-to-use branded interface, which helps to increase brand loyalty.

    ALLT VP about the deal

    Allot’s VP of Sales for North America, Moshe Moran, stated that the agreement will make the carrier one of the very first North American carriers to offer zero-touch network-based cybersecurity services to its client base. He stated that Allot is proud to have helped them achieve this milestone.

    Upcoming News and events

    The company announced in a press release on January 31, 2022, that On February 15, 2022, Allot will host a conference call to discuss the fiscal year 2021 earnings results.

    Conclusion

    Allot Ltd. (ALLT) gained after striking a deal with one of the leading carriers in North America with millions of customers base. Next week, the corporation will also reveal its financial results for the fourth quarter and the entire fiscal year 2021. The company has entered the first quarter with good momentum and will help them increase their revenues and gain other corporate clients.

  • Allot Ltd. (ALLT), says 68 percent of customers will swap telecoms for improved cybersecurity

    Allot Ltd. (ALLT), says 68 percent of customers will swap telecoms for improved cybersecurity

    Allot Ltd. (NASDAQ: ALLT), a leading global supplier of advanced communication service provider (CSP) and business network analytics and security-as-a-service technologies, has today announced conclusions from its Global Customer Security Study. The key study report indicates that CSPs are well placed to seize a clearly identified demand by addressing the unmet need of their consumers for protection against increasing risks, such as phishing and ransomware, and for parental supervision to ensure the online safety of their children.

    Between the second and third quarters of 2020, Allot commissioned Coleman Parkes Research to survey 11,400 CSP consumer customers from across the globe. The report’s main results include:

    Wireless subscribers expect their telecommunication services to supply their smartphones with security protection. In order to achieve a superior cybersecurity approach, 28 percent of customers said they would likely move service providers. Another 40 percent said they’d potentially move to stronger cybersecurity providers.

    Telecom operators are perfectly positioned to supply their subscribers with surveillance services. CSPs own data pipes and client relationships, and 90% of global customers say they agree that their service provider should supply their devices with a security solution.

    Subscribers are able to invest in answers to cybersecurity. On average users would spend about $5 a month on a zero-touch network-based cybersecurity system that covers all their equipment.