Strong Double-Digit SECaaS Growth and Significant Improvement in ProfitabilityHOD HASHARON, Israel, Feb. 25, 2025 /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 fourth quarter and full year of 2024.Financial Highlights for the Fourth Quarter Revenues of $24.9 million increased 2% year over year and 7% sequentiall ...

Core Insights - Allot Ltd. announced that its NetworkSecure offering is enhancing Verizon Business' cybersecurity capabilities to protect customers from mobile cyber threats [1][2] Company Overview - Allot Ltd. is a global provider of security-as-a-service (SECaaS) and network intelligence solutions for communication service providers and enterprises [1][3] - The company has over 500 mobile, fixed, and cloud service providers and more than 1000 enterprises using its solutions globally [3] Product Details - NetworkSecure is a monetizable, network-based solution that operates without requiring application installation by end customers [2] - It provides protection against various cyber threats, including viruses, malware, phishing, and ransomware attacks [2] - The solution features a user-friendly branded interface that offers alerts and reporting, enhancing brand loyalty [2] Strategic Collaboration - The collaboration with Verizon Business aims to enhance mobile security offerings for businesses, particularly targeting the mass market [2]

Core Insights - Allot Ltd. announced that its NetworkSecure offering is enhancing Verizon Business' cybersecurity capabilities to protect customers from mobile cyber threats [1][2] Company Overview - Allot Ltd. is a global provider of security-as-a-service (SECaaS) and network intelligence solutions for communication service providers and enterprises [1][3] - The company has over 500 mobile, fixed, and cloud service providers and more than 1000 enterprises using its solutions globally [3] Product Details - NetworkSecure is a monetizable, network-based solution that operates without requiring application installation by end customers, providing zero-touch, clientless operation [2] - The solution protects against various cyber threats, including viruses, malware, phishing, and ransomware attacks [2] - It features a user-friendly branded interface that offers alerts and reporting, enhancing brand loyalty among customers, particularly small and medium-sized businesses (SMBs) [2] Strategic Collaboration - The collaboration between Allot and Verizon Business aims to enhance mobile security offerings for businesses, addressing a mass market need [2]

Core Viewpoint - Allot Ltd. is set to report its fourth-quarter 2024 results on February 25, with expectations of slight revenue growth and a potential breakeven bottom line compared to a loss in the previous year [1][5]. Revenue Expectations - The Zacks Consensus Estimate for Allot's Q4 2024 revenues is $24.4 million, indicating a slight year-over-year increase [3]. - The growth in Security as a Service (SECaaS) revenues is anticipated due to an expanding customer base and increased adoption of security solutions among subscribers [3][4]. Earnings Performance - Allot has a strong earnings surprise history, having beaten the Zacks Consensus Estimate in three of the last four quarters, with an average earnings surprise of 28.2% [2]. - The consensus mark for this quarter is breakeven, contrasting with a loss of 43 cents per share reported a year ago [5]. Earnings Prediction Model - The current model does not predict a definitive earnings beat for Allot, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [6].

Company Overview - Allot is an Israeli company established in 1996, specializing in security solutions for mobile, fixed, and cloud service providers globally [1] - The company is currently transitioning to a Software-as-a-Service (SaaS) model [1] Investment Position - The analyst has a beneficial long position in Allot shares, indicating confidence in the company's future performance [2]

Core Viewpoint - Allot Ltd. will host a conference call to discuss its fourth quarter and full year 2024 results on February 25, 2025, at 9:00 AM ET, with unaudited financial results to be published prior to the call [1][2]. Company Overview - Allot Ltd. is a leading provider of innovative network-native cybersecurity and network intelligence solutions for communication service providers (CSPs) and enterprises [3]. - The company's solutions are deployed globally, enhancing value for customers through services such as network-native cybersecurity, network and application analytics, and traffic control [3]. - Allot's multi-service platforms are utilized by over 500 mobile, fixed, and cloud service providers, as well as over 1000 enterprises, with its security-as-a-service solution serving millions of subscribers worldwide [3].

Core Viewpoint - Allot Ltd. will host a conference call to discuss its fourth quarter and full year 2024 results on February 25, 2025, at 9:00 AM ET [1]. Group 1: Financial Results Announcement - The unaudited financial results for the quarter and year will be published prior to the conference call [2]. - Access to the conference call can be made through specific dial-in numbers for the US, UK, and Israel [2]. Group 2: Company Overview - Allot Ltd. is a leading provider of innovative cybersecurity and network intelligence solutions for communication service providers and enterprises globally [3]. - The company's solutions are deployed by over 500 mobile, fixed, and cloud service providers, as well as over 1000 enterprises [3]. - Allot's network-native security-as-a-service solution is utilized by millions of subscribers worldwide [3].

Core Insights - Three stocks are highlighted with strong momentum and a buy rank, including Argenx SE, Allot Ltd., and New Gold Inc. [1][2][3] Company Summaries - **Argenx SE (ARGX)**: - Zacks Rank: 1 - Current year earnings estimate increased by 13.6% over the last 60 days - Share price increased by 14.3% over the last three months, outperforming the S&P 500's 2.3% gain - Momentum Score: A [1] - **Allot Ltd. (ALLT)**: - Zacks Rank: 1 - Current year earnings estimate increased by 85.7% over the last 60 days - Share price surged by 114.5% over the last three months, significantly outperforming the S&P 500's 2.3% gain - Momentum Score: B [2] - **New Gold Inc. (NGD)**: - Zacks Rank: 1 - Next year earnings estimate increased by 7.7% over the last 60 days - Share price rose by 25.5% over the last six months, compared to the S&P 500's 7.6% gain - Momentum Score: B [3]

Group 1 - Grupo Televisa, S.A.B. (TV) has seen a 57.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Allot Ltd. (ALLT) has experienced an 85.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Claros Mortgage Trust, Inc. (CMTG) has seen a 13.2% increase in the Zacks Consensus Estimate for its next year earnings over the last 60 days [2] - Plumas Bancorp (PLBC) has experienced a 14.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - argenx SE (ARGX) has seen a 13.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

Group 1 - The core concept of momentum investing is to follow a stock's recent price trends, aiming to buy high and sell higher, capitalizing on established price movements [1][2] - Allot Communications (ALLT) currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating potential for outperformance in the market [2][3] - The stock has shown significant price increases, with a 14.9% rise over the past week and a 52.95% increase over the past month, outperforming the Zacks Technology Services industry, which declined by 5.03% and only increased by 0.2% respectively [5] Group 2 - Over the past quarter, ALLT shares have increased by 117.68%, and over the last year, they have gained 359.33%, while the S&P 500 has only moved 2% and 26.18% respectively [6] - The average 20-day trading volume for ALLT is 1,007,522 shares, which is a bullish indicator when combined with rising stock prices [7] - Earnings estimates for ALLT have improved, with one estimate moving higher in the past two months, raising the consensus estimate from -$0.07 to -$0.01 [9] Group 3 - The overall assessment suggests that ALLT is a promising stock with a Momentum Score of B, making it a potential candidate for investors looking for short-term gains [11]