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Allot Ltd. (ALLT)

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15.91+1.36 (+9.35%)
At close: 4:00PM EST

16.09 +0.18 (1.13%)
After hours: 4:18PM EST

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Previous Close14.55
Open15.08
Bid15.36 x 800
Ask16.29 x 1100
Day's Range15.00 - 16.03
52 Week Range6.44 - 17.37
Volume245,599
Avg. Volume393,340
Market Cap560.231M
Beta (5Y Monthly)0.59
PE Ratio (TTM)N/A
EPS (TTM)-0.27
Earnings DateMay 03, 2021 - May 07, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est18.65
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  • Phishing Attacks Increase 718% in Europe According to Allot Research
    GlobeNewswire

    Phishing Attacks Increase 718% in Europe According to Allot Research

    With more than 2 billion consumer cyber threats blocked in Europe in 2020 Allot reveals trends in its first annual Europe Cyber Threat Report.Hod Hasharon, Israel, March 01, 2021 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ: ALLT) (ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced the release of its 2020 Europe Cyber Threat Report. The 2020 trends presented in this report include: Phishing attacks against consumers increased an average of 718% compared with 2019.Phishing comprised 51% of all cyberthreats against consumers.Allot blocked more than 2 billion cyber threats against protected consumers. The Allot Cyber Threat Report is released quarterly and covers threats that are detected and blocked by Allot Secure for European CSPs. In this report, Allot tracked a number of trends affecting consumers, including phishing, adware, malicious downloads and more. The report notes a sharp increase in Covid-19-related threats. In January 2020, phishing attacks accounted for only 5% of all threats blocked by Allot Secure solutions in Europe. By April, at the peak of the first wave of Covid-19, phishing attacks rose to 56% of all blocked attacks. This reflects how cyber criminals took advantage of their victims’ sensitivity to Covid-19 themed threats as the impact of the pandemic increased. This data was reported by European CSPs whose consumer customers are protected by Allot Secure. Allot Secure is a family of network-based cybersecurity solutions that provide the tools for CSPs to offer their consumer and SMB customers zero-touch, clientless protection from attacks including malware, viruses phishing, ransomware plus parental and content control services. Allot Secure services provide a unified experience for consumers on any device no matter how they connect to their data – on the mobile network, through their home router and as guests on Wi-Fi networks. “As a company that develops and integrates cybersecurity services for communication service providers, Allot is out in the field, helping our customers protect their customers from the effects of cyber crime on any device, wherever they are,” said Dr. Yael Villa, Senior Vice President Cybersecurity Division at Allot. “Although we measured a significant jump in consumer-facing phishing attacks in 2020, our research shows that Allot solutions also blocked over a billion other threats including malware, spyware and host of other types of attacks.” To get the full Allot 2020 Cyber Threat Report, you can download it from the Allot website. Allot is also offering a free webinar: ‘What Poses the Greatest Danger to Your Subscribers?’ on March 2, 2021 where Allot cybersecurity experts will discuss the research in the report. ### Additional Resources: Allot Blog: https://www.allot.com/blog Allot On-air Podcast: https://www.allot.com/resources/podcasts Follow us on Twitter: @allot_ltd Follow us on LinkedIn: https://www.linkedin.com/company/allot-communications About Allot Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of leading innovative network intelligence and security solutions for service providers and enterprises worldwide, enhancing value to their customers. Our solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more. Allot’s multi-service platforms are deployed by over 500 mobile, fixed and cloud service providers and over 1000 enterprises. Our industry-leading network-based security as a service solution has achieved over 50% penetration with some service providers and is already used by over 20 million subscribers globally. Allot. See. Control. Secure. Forward-Looking Statement This release contains forward-looking statements, which express the current beliefs and expectations of company management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: acceptance of our products by our reseller and customer in EMEA, our ability to compete successfully with other companies offering competing technologies; the loss of one or more significant customers; consolidation of, and strategic alliances by, our competitors, government regulation; lower demand for key value-added services; our ability to keep pace with advances in technology and to add new features and value-added services; managing lengthy sales cycles; operational risks associated with large projects; our dependence on third-party channel partners for a material portion of our revenues; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. CONTACT: Seth Greenberg Allot +972 (0)0549222294 sgreenberg@allot.com Kimberly Velasco Fusion PR for Allot kimberly.velasco@fusionpr.com Ehud Helft / Kenny Green Allot Investor Relations +1-646-688-3559 Allot@gkir.com

  • Allot Targets Cybersecurity Deals In North America, CEO Says
    TipRanks

    Allot Targets Cybersecurity Deals In North America, CEO Says

    Allot is in talks with multiple US telecom operators for security deals as COVID-19 has accelerated the demand for network-based protection for the consumer market, CEO Erez Antebi told TipRanks in an interview. Antebi, however, makes it clear COVID-19 is only that, an accelerator, and notes “the idea did not start with COVID, and hopefully COVID will go away, but it won’t end with COVID.” With people all over the world spending more time at home and working remotely amid the coronavirus pandemic, the number of phishing attacks and cyberthreats has spiked, and thus, the need for a secure connection has also become more crucial than ever. According to Allot’s latest Europe cyberthreat report, phishing attacks in 2020 surged an average of 718% from the prior year. This is where Allot (ALLT) comes in by offering a technology designed to provide cybersecurity to the mass market, that is, to consumers and small businesses. “Most large security companies, like Check Point (CHKP), Palo Alto (PANW), they don’t work with telecom operators. They tend to work with businesses, enterprises. In that sense, we bring something more different,” according to Antebi, who spoke to TipRanks from the company’s office in Hod Hasharon, Israel. Allot’s technology allows telecom operators to offer their customers Security as a Service, which is included as part of their network package offerings, including internet deals. The idea is that telecom operators can offer holistic cyberthreat protection through centralized cloud management, which views customers as households and seeks to protect its members from phishing attempts, malware, and viruses, across all of their devices regardless of where they are. “What we are seeing now compared to a year ago is that multiple US operators are interested in network-based security for the consumer market. This was not the case a year ago. This is a change in the market,” Antebi said. “We are in discussions with several North American telecom operators on this.” Antebi is also seeing potential for security deals in Europe, where Allot has already partnered with Vodafone, as well as in the Asia Pacific. Additionally, the company is planning to invest in technology development. For this year, Allot increased its guidance for OpEx to $110 million-$111 million from the $100 million allocated in 2020. “The other piece of investment is hardware, professional services which we provide for the telecom operators. This is an expense for us, an investment, which will bring in the revenues later,” Antebi said. “I think the correct strategy for us is to take advantage of the fact that this market is happening now and to grow as much as we can, as much as possible, even at the price of not necessarily being profitable in the short-term.” For this year, Allot expects to generate $6 million-$8 million in recurring revenue from security deals, and $25 million in 2022. In a bullish signal, Needham analyst Alex Henderson estimates that the company’s security business looks poised to bring in more than $50 million in revenue in 2023. Furthermore, Henderson believes that 2021 could mark an “inflection year” for Allot, and one during which already expected security deals are set to become the primary drivers of growth. “Allot has a strong new business providing Service Providers the ability to offer their customers Security as a Service, which is ramping into a major opportunity. We expect the transition to a partial SaaS model to improve Allot's leverage and cash flow generation,” the analyst wrote in a note to investors. Henderson’s Buy rating on ALLT comes with a $22 price target, which he just raised from $15, indicating his confidence in an additional 45% upside potential for the stock over the next 12 months. That’s after shares already returned a stellar 43% to investors so far this year. (See Allot stock analysis on TipRanks) The other recent Allot reviewer, Merrill Lynch analyst Tal Liani, agrees with Henderson on the Buy rating but set a $19 price target. This makes the consensus rating a Moderate Buy, with an average analyst price target of $20.50 (35% upside potential). According to Allot’s cyberthreat report, phishing continues to represent the predominant threat to European users, while Adware appears to be the second-most pervasive threat type, making up about 28% of all threats blocked in Europe. “There is a whole new world out there of criminals that simply are able to extract more money from us whether it is ransomware or stealing our identity. That’s just growing all the time,” Allot’s Antebi said. “We are not going to stop using the internet after COVID. Same thing about cyberthreats. Our business will continue to grow.”

  • Allot Traffic Management Solution Selected by Broadband Provider in Japan
    GlobeNewswire

    Allot Traffic Management Solution Selected by Broadband Provider in Japan

    Allot expands their presence in Japan, replacing communication provider’s existing system with Allot SmartTraffic QoE solution.Hod Hasharon, Israel, Feb. 16, 2021 (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 their SmartTraffic QoE solution has been selected by a broadband provider in Japan. The solution, which provides comprehensive network traffic analytics plus flexible, granular and precise real-time traffic management, will be implemented to ensure fair use of network bandwidth for all of the provider’s broadband customers. With this deal, Allot replaces an existing solution from a competing vendor, further expanding its presence in Japan. The SmartTraffic QoE solution from Allot utilizes Allot’s Dynamic Actionable Recognition Technology to identify different types of encrypted traffic. It prioritizes critical applications over those that hog bandwidth based on Key Quality Indicators (KQIs). Using those KQIs, network traffic is dynamically shaped to ensure that heavy users do not negatively impact the Quality of Experience (QoE) of regular customers. The Japanese broadband provider required a modular and flexible high bandwidth solution. The SmartTraffic QoE solution from Allot will be implemented with the capacity to manage up to 1Tbps of traffic which makes it possible to deal with the heavy traffic load and provide accurate QoS enforcement for the communications provider’s consumer and business customers. “We, at Allot, share a pride in customer satisfaction with our new communications provider customer, and our SmartTraffic QoE solution will help them maintain their strong reputation among their customers,” said Oren Coral, Vice President Sales, APAC at Allot. “This is another win that shows we have the tools and the team on the ground to provide the quick response and service that are critical for success in the Japanese market.” ### Additional Resources: Allot Blog: https://www.allot.com/blog Allot On-air Podcast: https://www.allot.com/resources/podcasts Follow us on Twitter: @allot_ltd Follow us on LinkedIn: https://www.linkedin.com/company/allot-communications About Allot Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of leading innovative network intelligence and security solutions for service providers and enterprises worldwide, enhancing value to their customers. Our solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more. Allot’s multi-service platforms are deployed by over 500 mobile, fixed and cloud service providers and over 1000 enterprises. Our industry-leading network-based security as a service solution has achieved over 50% penetration with some service providers and is already used by over 20 million subscribers globally. Allot. See. Control. Secure. Forward-Looking Statement This release contains forward-looking statements, which express the current beliefs and expectations of company management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: acceptance of our products by our reseller and customer in EMEA, our ability to compete successfully with other companies offering competing technologies; the loss of one or more significant customers; consolidation of, and strategic alliances by, our competitors, government regulation; lower demand for key value-added services; our ability to keep pace with advances in technology and to add new features and value-added services; managing lengthy sales cycles; operational risks associated with large projects; our dependence on third-party channel partners for a material portion of our revenues; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. CONTACT: Seth Greenberg Allot +972 (0)549222294 sgreenberg@allot.com Kimberly Velasco Fusion PR for Allot kimberly.velasco@fusionpr.com Ehud Helft / Kenny Green Allot Investor Relations +1-646-688-3559 Allot@gkir.com