Proactiveinvestors USA & Canada Allot https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Allot RSS feed en Sun, 19 May 2019 11:37:09 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Allot reports first-quarter earnings and revenue beats as growth jumps 17% ]]> https://www.proactiveinvestors.com/companies/news/220231/allot-reports-first-quarter-earnings-and-revenue-beats-as-growth-jumps-17-220231.html Allot Ltd (NASDAQ:ALLT) (TASE:ALLT), the security and smart network intelligence solutions company, posted improved first-quarter earnings and revenue early Tuesday that beat Wall Street expectations.

For the quarter ended March 2019, Allot reported a loss of $0.05 per share on revenue of $25.3 million, better than the consensus estimate for a loss of $0.06 per share on revenue of roughly $25 million. Revenue grew 17% on a year-over-year basis.

Shares in Allot rose nearly 3% to $7.46 in afternoon trade.

READ: Allot partners with Rakuten Mobile to deliver secure mobile network in Japan

"We are pleased with the continued strong year-over-year growth in revenue as well as the improvement in profitability parameters in the quarter, and we are on target with our longer-term goals,” said Allot Ltd CEO Erez Antebi.

Antebi said the “momentum in the quarter remained positive” and included the win of a contract to provide a full suite of solutions comprising of network-based traffic management and network security solutions to Rakuten Mobile in Japan.

“Our pipeline of potential security OPEX deals remains strong and we are actively working to close further deals. We look forward to continued and sustainable growth in 2019 and beyond," said Antebi.

Financial outlook

Management reiterated its expectations of hauling in revenue between $106 million to $110 million, representing double-digit, year-over-year growth.

Allot is a provider of network intelligence and security solutions for service providers worldwide. Its solutions are deployed for network and application analytics, traffic control and shaping, and network-based security services. The company’s multi-service platforms is used by over 500 mobile, fixed and cloud service providers and more than 1000 enterprises.

Allot NetworkSecure is the world’s largest deployed network-based security service for the mass market with over 20 million paying security customers.

—(Updates stock price)—

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Tue, 14 May 2019 13:10:00 -0400 https://www.proactiveinvestors.com/companies/news/220231/allot-reports-first-quarter-earnings-and-revenue-beats-as-growth-jumps-17-220231.html
<![CDATA[News - Allot partners with Rakuten Mobile to deliver secure mobile network in Japan ]]> https://www.proactiveinvestors.com/companies/news/220222/allot-partners-with-rakuten-mobile-to-deliver-secure-mobile-network-in-japan-220222.html Allot Ltd (NASDAQ:ALLT) (TASE:ALLT), a security and smart network intelligence solutions company, announced Tuesday that it has embarked on a partnership with Rakuten Mobile to make a push into Japan.

Founded in Tokyo in 1997, Rakuten is a leading provider of internet services and will soon to be operating Japan’s newest mobile network, to provide advanced virtualized security solutions. By leveraging Allot’s network-based traffic management and security solutions, Rakuten Mobile aims to deliver a fully secure mobile network in Japan.

READ: Allot partners with Mobileum to enhance roaming services for Tier 1 US mobile network operator

Allot’s unified traffic management and network security platform will provide protection for Rakuten’s mobile network and subscriber traffic. Rakuten’s fully virtualized cloud mobile network has successfully completed real world end-to-end tests in February, demonstrating stability and scalability of the service. The launch of Rakuten Mobile is planned for October.

“Allot is excited to be a key technology partner in Rakuten Mobile’s plan to disrupt the Japanese mobile market,” said Allot CEO Erez Antebi. “We are pleased that our security offering aligns seamlessly with Rakuten Mobile’s business goals and we look forward to the opportunity for our scalable solution to grow in tandem with Rakuten Mobile’s users.”

Allot is a provider of network intelligence and security solutions for service providers worldwide. Its solutions are deployed for network and application analytics, traffic control and shaping, and network-based security services. The company’s multi-service platforms are used by over 500 mobile, fixed and cloud service providers and more than 1,000 enterprises.

“We are excited to partner with Allot as we build Japan’s newest mobile network,” said Tareq Amin, chief technology officer at Rakuten Mobile. “By leveraging Allot’s world-class technologies and expertise, we will be able to provide our customers with a comprehensive secured mobile service.”

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

 

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Tue, 14 May 2019 07:32:00 -0400 https://www.proactiveinvestors.com/companies/news/220222/allot-partners-with-rakuten-mobile-to-deliver-secure-mobile-network-in-japan-220222.html
<![CDATA[News - Allot partners with Mobileum to enhance roaming services for Tier 1 US mobile network operator ]]> https://www.proactiveinvestors.com/companies/news/216288/allot-partners-with-mobileum-to-enhance-roaming-services-for-tier-1-us-mobile-network-operator-216288.html Allot Ltd (NASDAQ:ALLT) (TASE:ALLT), a security and smart network intelligence solutions company, announced Wednesday that it is partnering with US roaming and data analytics solutions provider Mobileum, to enhance the quality of roaming services for the customers of a Tier 1 US mobile operator.

Mobileum will integrate Allot SmartVisibility with its Roaming CEM and Roaming Customer Analytics Active Intelligence solutions to provide its Tier 1 US customer with enhanced visibility of roaming services, including VoLTE roaming. The solution will empower the operator to enable roaming services for all its subscribers with consistent quality.

“Allot has the ideal combination of know-how, experience and technology to enhance the quality of experience and security for mobile networks and their customers,” said Ran Fridman, executive vice president of worldwide sales, at Allot. “We are very pleased to contribute to the Mobileum roaming solution adopted by a Tier 1 US mobile network operator to drive its business objectives.”

READ: Allot boosts Safaricom’s security protecting fixed, mobile customers from cyber-attacks, phishing, crypto-jacking

Fridman said the company looked forward to exploring additional collaboration opportunities.

“Operators’ roaming services portfolios often encompass voice, text and data services carried over older network technologies such as 2G and 3G, and the newer LTE and VoLTE standards. There are many parameters that need monitoring to ensure an always-on roaming experience,” said Mobileum Chief Technology Officer Avnish Chauhan. “For this customer, the enhanced visibility of VoLTE roaming QoS provided by Allot supports our solution to deliver higher order comprehensive insights with proactive alerting over roaming registration, data and voice across the entire portfolio.”

Allot Ltd is a provider of network intelligence and security solutions for service providers worldwide. Their solutions are deployed for network and application analytics, traffic control and shaping, and network-based security services. The company’s multi-service platforms are used by over 500 mobile, fixed and cloud service providers and more than 1,000 enterprises.

Allot NetworkSecure is the world’s largest deployed network-based security service for the mass market, with over 20 million paying security customers.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Tue, 12 Mar 2019 08:13:00 -0400 https://www.proactiveinvestors.com/companies/news/216288/allot-partners-with-mobileum-to-enhance-roaming-services-for-tier-1-us-mobile-network-operator-216288.html
<![CDATA[News - Allot research finds closed loop automation adoption is key to delivering quality in high-speed 5G networks ]]> https://www.proactiveinvestors.com/companies/news/215057/allot-research-finds-closed-loop-automation-adoption-is-key-to-delivering-quality-in-high-speed-5g-networks-215057.html Allot Ltd (NASDAQ:ALLT) (TASE:ALLT), a security and smart network intelligence solutions company, released findings Thursday from its “Telco Smart Trends” report, identifying the need for communications service providers to embrace Closed Loop Automation (CLA) to ensure quality.

In layman’s terms, closed-loop automation is akin to tasting a dish and adjusting the recipe until you reach perfection. By closing the loop, you ensure the system works as intended. This concept is also known as Intent Based Networking (IBN). In other words, closed-loop automation is a prerequisite to deploying intent-based network services.

The report also highlights that the Internet of Things and security, fueled by the onset of 5G networks offering faster speeds and more reliable connections on smartphones and other devices, will be key drivers for CLA adoption. The report details findings from a survey conducted among 100 communications service providers worldwide to gauge the value they perceive CLA adds.

 Key findings of the report include:

Despite the benefits that CLA provides in 4G networks, three-quarters of respondents feel that CLA will be most important in either the transition period (50%) or once they have fully implemented 5G (25%). Around two-thirds of respondents strongly agree that CLA is important to the growth of security and IoT services. Independent Software Vendors are best positioned to deliver CLA with the added machine learning and artificial intelligence capabilities that cost-effectively ensure optimal performance, security and quality. The main barriers to implementing CLA solutions for organizations are having the skills to use the technology to the full, understanding the technology, and cost.

"Communications service providers are keenly aware of the high vulnerability associated with IoT devices and services," said Akshay Sharma at neXt Curve.

"CLA will be a critical capability for effectively handling the mounting IoT threats, magnified by the scale of 5G."

Allot said that communications service providers already realize that they need to embrace CLA and not doing so will prove costly in the long-term.

“Our report points to the fact that the CLA inherent in 5G is not enough and independent software vendors have the opportunity to provide the additional CLA functionality, powered by AI and ML to meet the growing QoE expectations," said Ronen Priel, vice president, Product and Strategy at Allot.

Allot NetworkSecure is the world’s largest deployed network-based security service for the mass market, with over 21 million paying security customers.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Thu, 21 Feb 2019 08:46:00 -0500 https://www.proactiveinvestors.com/companies/news/215057/allot-research-finds-closed-loop-automation-adoption-is-key-to-delivering-quality-in-high-speed-5g-networks-215057.html
<![CDATA[News - Allot boosts Safaricom’s security protecting fixed, mobile customers from cyber-attacks, phishing, crypto-jacking ]]> https://www.proactiveinvestors.com/companies/news/214452/allot-boosts-safaricoms-security-protecting-fixed-mobile-customers-from-cyber-attacks-phishing-crypto-jacking-214452.html Allot Ltd (NASDAQ:ALLT) (TASE:ALLT), a security and smart network intelligence solutions company, announced Tuesday that Kenyan mobile network operator Safaricom will be implementing a convergent network solution for its fixed and mobile customers.

The tailored Allot solution features network analytics, advanced charging capabilities as well as network security and protection against a DDoS, or denial-of-service cyber-attack disrupting services.

READ: Allot stock rockets after it posts 4Q revenue above estimates

“We have a long and valued relationship with Allot,” said Safaricom’s Chief Technology Officer Thibaud Rerolle. “With the visibility, control and security solutions provided by Allot, we will deliver added value with heightened quality of experience and protection to our customers from the rising cyber security threats, including DDoS attacks, phishing and crypto jacking.”

Safaricom is the largest telecommunications provider in Kenya, and one of the most profitable companies in the East and Central African region. It has chosen to activate Allot’s network intelligence and security technologies, protect service availability and quality by blocking inbound and outbound DDoS attacks.

In computing, a denial-of-service attack is a cyber-attack in which the perpetrator seeks to make a machine or network resource unavailable to its users by indefinitely disrupting services of a host connected to the Internet

Allot said the partnership will also “enhance quality of experience through improved streaming quality.” It will also help Safaricom optimize network resources and customer service plans to maximize revenues.

“Safaricom joins several of the world’s largest global Tier 1 operators with its deployment of Allot,” said Ran Fridman, executive vice president of global Sales at Allot. “I am confident the combined DDoS Secure and NetworkSecure convergent solution will bring value to Safaricom and its customers through a better, safer user experience as well as protection against a variety of online threats.”

Allot NetworkSecure is the world’s largest deployed network-based security service for the mass market, with over 21 million paying security customers.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Tue, 12 Feb 2019 07:44:00 -0500 https://www.proactiveinvestors.com/companies/news/214452/allot-boosts-safaricoms-security-protecting-fixed-mobile-customers-from-cyber-attacks-phishing-crypto-jacking-214452.html
<![CDATA[Media files - Allot posts 4Q revenue above estimates, attributes growth to its DPI business ]]> https://www.proactiveinvestors.com/companies/stocktube/12139/allot-posts-4q-revenue-above-estimates-attributes-growth-to-its-dpi-business-12139.html Thu, 07 Feb 2019 12:00:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12139/allot-posts-4q-revenue-above-estimates-attributes-growth-to-its-dpi-business-12139.html <![CDATA[News - Allot stock rockets after it posts 4Q revenue above estimates ]]> https://www.proactiveinvestors.com/companies/news/213995/allot-stock-rockets-after-it-posts-4q-revenue-above-estimates-213995.html Shares in Allot Ltd (NASDAQ:ALLT) (TASE:ALLT) climbed briskly Tuesday after the security and smart network intelligence solutions company posted fourth-quarter revenue above estimates.

For the quarter ended December 2018, the company reported a narrower-than-expected loss of $0.01 per share on revenue of $26.9 million. The consensus estimate was a loss of $0.04 per share on revenue of $25.7 million. Revenue grew nearly 16% on a year-over-year basis. 

Investors sent shares of Allot up 10.6% to $7.75 before the opening bell.

READ: Allot partners with European mobile service partner to protect mobile users from malware and phishing

The company said that gross margin improved to 70.3%, up from 68.4% in the same quarter a year ago.

Allot said it expects 2019 revenue of $106 million to $110 million, representing continued double-digit year-over-year growth. The current consensus estimate is for revenue of $103.7 million for the year ending December 31, 2019.

Strong order book

"We are very pleased with our performance in 2018, with revenues growing at a faster pace than we had originally expected,” said Allot CEO Erez Antebi. “Our Deep Packet Inspection (DPI) business performed well in 2018, resulting from much improved execution of our teams across the globe. We are also satisfied with our performance in the security space: our pipeline of "security opex deals" is strong and we expect to close several such deals that can bring impact on our future growth beyond 2019."

Antebi said he had increased confidence in the compnay's long-term potential: "Following our restructuring and changes, we are now executing better in sales, support and R&D and we look forward to continue to leverage these strengths to create continuing growth in 2019 and beyond."

Full year book to bill ratio is expected to be above 1. Management expects to close several security subscription-based deals in 2019, in addition to the Tier-1 European deal it recently announced.

A Tier-1 European mobile service provider has selected Allot's NetworkSecure solution to protect the company's mobile users against growing threats, including malware, phishing, ransomware, and crypto-mining.

The security as a service will be offered to approximately 2.5 million subscribers. Revenues from consumers who choose to sign up for the security solution will be shared between the two companies.

Allot NetworkSecure is the world’s largest deployed network-based security service for the mass market, with over 21 million paying security customers.

Meanwhile, total revenues for 2018 were $95.8 million, up 17% compared to $82 million in 2017. Non-GAAP net loss for 2018 was $5.1 million, or $0.15 per basic share, an improvement compared with a non-GAAP net loss of $8.7 million, or $0.26 per basic share in 2017.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

-- (With 2018 financials, fresh quotes, stock price update)--

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Tue, 05 Feb 2019 07:41:00 -0500 https://www.proactiveinvestors.com/companies/news/213995/allot-stock-rockets-after-it-posts-4q-revenue-above-estimates-213995.html
<![CDATA[News - Allot partners with European mobile service partner to protect mobile users from malware and phishing ]]> https://www.proactiveinvestors.com/companies/news/213752/allot-partners-with-european-mobile-service-partner-to-protect-mobile-users-from-malware-and-phishing-213752.html Allot Ltd (NASDAQ:ALLT) ((TASE:ALLT) announced Thursday that a Tier 1 European mobile service provider, has selected Allot's NetworkSecure solution to protect the company's mobile users against growing threats, including malware, phishing, ransomware, and crypto-mining.

The security as a service will be offered to approximately 2.5 million subscribers. Revenues from consumers that choose to sign up for the security solution will be shared between the two companies.

Allot NetworkSecure is the world’s largest deployed network-based security service for the mass market with over 21 million paying security customers.

READ: Allot powers Telefónica’s pioneering cybersecurity service for consumers

The company said the network-based solution enables the Tier 1 European mobile service provider to offer its customers security against rising cybersecurity threats. It also allows parents to apply controls to their children's mobile devices without the need to download and install anything on their devices.

"Allot's NetworkSecure provides a seamless user experience and is easily integrated into the service provider network," said Hagay Katz, vice president of strategic accounts, in Cyber Security at Allot. "Our goal is to not only offer the Tier 1 European mobile service provider's customers the much-needed security, but also support their business goals by increasing penetration by up to 50% in certain markets through our engagement tools and marketing expertise."

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Thu, 31 Jan 2019 11:01:00 -0500 https://www.proactiveinvestors.com/companies/news/213752/allot-partners-with-european-mobile-service-partner-to-protect-mobile-users-from-malware-and-phishing-213752.html
<![CDATA[News - Allot wins new client ]]> https://www.proactiveinvestors.com/companies/news/212250/allot-wins-new-client-212250.html Allot Ltd (NASDAQ:ALLT), the network security and intelligence solutions company, announced Wednesday that a Tier 1 US Network operator will adopt Allot’s IoTSecure solution to protect IoT (Internet of Things) devices on its network.

Allot will deliver the IoT security solution on an Openstack-based NFV network. The technology will prevent Internet-based attacks on enterprise IoT services as well as monitor and control the behavior of IoT devices including cameras, WiFi hotspots, tablets and smartphones.

READ: Allot’s network intelligence skills enable service providers to step up their security game

"We are pleased to deploy our state of the art Allot IoTSecure solution in a cutting-edge market like the US,” said Ran Fridman, executive vice-president for worldwide sales with Allot. “Allot IoTSecure protects IoT customers from infection and protects networks from rogue IoT device activity."

Allot shares jumped 2.8% to $6.33 in Wednesday’s pre-market trading session.

 

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Wed, 09 Jan 2019 09:24:00 -0500 https://www.proactiveinvestors.com/companies/news/212250/allot-wins-new-client-212250.html
<![CDATA[Media files - Allot looking to increase market share in U.S. in 2019 ]]> https://www.proactiveinvestors.com/companies/stocktube/11514/allot-looking-to-increase-market-share-in-us-in-2019 Fri, 07 Dec 2018 11:55:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11514/allot-looking-to-increase-market-share-in-us-in-2019 <![CDATA[News - Allot powers Telefónica’s pioneering cybersecurity service for consumers ]]> https://www.proactiveinvestors.com/companies/news/209932/allot-powers-telefnicas-pioneering-cybersecurity-service-for-consumers-209932.html Telefónica España, an affiliate of Telefónica SA, one of the world’s largest broadband and telecommunications providers, launched a network-based cybersecurity solution for consumers powered by network security and intelligence solutions company Allot Communications Ltd (NASDAQ:ALLT). 

Madrid-headquartered Telefónica which serves more than 343 million customers in Europe and Latin America joined forces last year with Allot to deliver a network-based cybersecurity solution for consumers.

The two companies are implementing a formal agreement which they announced earlier in February 2017. Telefonica España launched the joint cybersecurity solution as part of a service called Movistar Conexión Segura. Movistar Conexión Segura, a pioneering commercial service, leverages the Allot NetworkSecure solution and provides effective and immediate protection against malware in both fixed and mobile networks.

"Security is the next big opportunity for operators to enhance the digital experience of their customers. Our cybersecurity solution provides 'peace of mind' for consumers across Telefonica's network," said Francisco Cayuela, vice president sales, for Spain and LATAM, at Allot.

READ: Allot’s network intelligence skills enable service providers to step up their security game

"We are proud of our key contribution to the Movistar Conexion Segura service now launching in Spain and are excited with the forthcoming launches anticipated by other key Telefonica affiliates around the globe."

Allot NetworkSecure is the world’s largest deployed network-based security service for the mass market with over 20 million paying security customers.

"With the launch of Conexion Segura, which leverages Allot's technologies, Telefónica has become a disrupting force in the market," said Agustín Navarro, Consumer Business Unit Director at Telefónica España.

"We are excited to be a forerunner in offering a cybersecurity service with this unique mix of capabilities, bringing together protection of the fixed and mobile network," added Navarro.

While Allot’s technology is used mainly in Europe and Latin America, the company has been expanding its activities in the United States and Asia-Pacific in both the communication service provider and enterprise markets.

 

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Mon, 26 Nov 2018 07:40:00 -0500 https://www.proactiveinvestors.com/companies/news/209932/allot-powers-telefnicas-pioneering-cybersecurity-service-for-consumers-209932.html
<![CDATA[Media files - Allot CEO touts growth trend, expects new deals in coming months ]]> https://www.proactiveinvestors.com/companies/stocktube/11266/allot-ceo-touts-growth-trend-expects-new-deals-in-coming-months-11266.html Tue, 20 Nov 2018 13:28:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11266/allot-ceo-touts-growth-trend-expects-new-deals-in-coming-months-11266.html <![CDATA[News - Allot’s network intelligence skills enable service providers to step up their security game ]]> https://www.proactiveinvestors.com/companies/news/209394/allots-network-intelligence-skills-enable-service-providers-to-step-up-their-security-game-209394.html The song goes “money makes the world go ‘round,” but the same could be said for communication service providers, or CSPs. Every phone call, text message, Tweet, post and television show is made possible by the CSP running the show backstage.

It’s a full-time job for the telecommunications carriers, cable service providers, satellite broadcasting operators and cloud communications service providers sitting in the director's chair, making sure the show goes on without a hitch.

If the CSPs are the directors, then Allot Ltd (NASDAQ:ALLT) acts as a stagehand. The security and network intelligence solutions company waits in the wings monitoring the situation, securing the lights and rigging, laying the groundwork for a safe, show-stopping performance.

READ: Allot wins major contract from Dutch telecom giant KPN

Founded in 1996, the tech company got its start in deep packet inspection, a method of examining and managing network traffic. Backed up by more than two decades of experience, Allot has been making the transition from traditional Deep Packet Intelligence (DPI) to security and smart network intelligence.

CEO Erez Antebi, a 35-year industry veteran, has led several telecommunications companies, including Gilat Satellite Networks, Spacenet Rural and Clariton Network. Antebi also held positions with the Israeli Ministry of Defense.

The power of data

Network infrastructure is the backbone of a CSP, the foundation upon which a platform is built. To protect a network and utilize it to its fullest potential, you first need to understand it.

That’s where Allot comes in. Allot increases network visibility via real-time network monitoring, network analytics and smart data sources.

Network visibility is crucial because if you don’t know what’s going on with your network, it’s that much more difficult to control and secure it. Allot’s ClearSee Network Analytics product provides real-time data that can be translated into actionable business opportunities.

Allot's Secure Service Gateway product is designed to maximize network performance, monitor traffic, pinpoint problems and filter out potential security threats before they have an effect on service, lowering operating costs through a one-stop shop solution.

A one-stop shop

Nearly two-thirds of Americans have encountered some form of data theft and close to half believe their data are less secure than five years ago, according to surveys by the Pew Research Center. About 45% of consumers said they would be willing to pay a premium for security services, according to a Deloitte consumer survey.

Allot offers CSPs the toolkit to alleviate those concerns. With the help of Allot’s technology, consumers receive protection from their service provider for a monthly fee, lifting the burden of personal responsibility for protecting their devices.

“You don’t have to worry about it. You don’t have to download anything. You don’t have to try and figure out what’s better and what’s not better. Here’s a reputable company that’s providing you broadband access and now they’ll provide you a security service and that is so much easier,” explained Antebi to Proactive Investors.

In short, Allot provides value-added security-as-a-service to CSPs. In turn, those CSPs can more easily provide additional network security services to their customers.

Allot in action

The company recently teamed up with computer-security pioneer McAfee Inc and Spanish telecom giant Telefónica SA (NYSE:TEF) to help protect the fixed and mobile networks of smaller-scale businesses, extending the coverage to include device security.

Allot and McAfee combined their security products, Allot’s Network Secure and McAfee Multi Access, to protect users from network threats. The service includes antivirus protection and content filtering services.

READ: Allot Communications reaches deal with Swiftel Networks

"There is a current need in the market to offer an advanced protection service for the fixed and mobile network of companies,” said Jose Luis Gilperez, executive director public administrations, defense and security at Telefónica.

Telefónica, one of the world’s largest broadband and telecommunications providers, serves more than 343 million customers in Europe and Latin America.

“Telefonica can potentially achieve very high service penetration ratios for this premium security service,” said Hagay Katz, vice president cybersecurity at Allot.

Allot’s security services launched in Spain, Brazil, Peru and Argentina in the first half of 2018.

Making the switch

Allot has been shifting its focus as a long-time deep packet inspection company to security and network intelligence solutions.

The call to action came when Allot saw the size of the opportunity, forecasting that its addressable market could reach as high as $6 billion.

Growth in the DPI market is steady and Antebi stresses that the company is not neglecting its roots.

Allot’s decades of DPI experience is another arrow in its quiver as it competes in the growing network security market.

Eying near-term profits

Its most recent third-quarter results topped Wall Street estimates as the company reported a narrower-than-expected loss.

The company reported a net loss of $0.03 per share on revenue of $24.2 million, surpassing Wall Street estimates of a net loss of $0.05 per share on revenue of $23.69 million.

Allot expects full-year revenue between $93 million to $95 million, above its previous guidance of $91 million to $95 million.

It also surpassed analyst estimates in its second-quarter results, catching the attention of Oppenheimer analysts who reiterated a Perform rating with a positive bias.

“Allot continues to show steady execution building out its security business (sales and marketing efforts, pipeline build, product enhancements) and improving its execution in the visibility and control market,” wrote analyst George Iwanyc.

Going forward

In its recent quarterly results, the company forecast double-digit 2019 revenue growth with profitability on the horizon in the near future.

Allot expects to reach the break-even point or profitability by the second half of 2019.

While the company’s technology is used mainly in Europe and Latin America, Allot has been expanding its activities in the US and Asia Pacific in both the CSP and enterprise markets.

The need for network security in the US and beyond is increasing as quickly as the number of internet-connected devices in our lives.

As the internet becomes more and more ingrained in our daily lives, it spreads past the computers in our office and into the phone in our back pocket, the watch on our wrist and the smart fridge in our kitchen. Wherever there is an internet connection, there is data that needs protecting and Allot provides CSPs the ability to man the fort.

Contact Lenore Fedow at lenore@proactiveinvestors.com

Follow her on Twitter: @LenoreMariee

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Tue, 20 Nov 2018 09:00:00 -0500 https://www.proactiveinvestors.com/companies/news/209394/allots-network-intelligence-skills-enable-service-providers-to-step-up-their-security-game-209394.html
<![CDATA[News - Allot Communications tops analyst estimates in 3Q, raises full-year revenue guidance ]]> https://www.proactiveinvestors.com/companies/news/208633/allot-communications-tops-analyst-estimates-in-3q-raises-full-year-revenue-guidance-208633.html Allot Communications Ltd (NASDAQ:ALLT) announced better-than-expected third quarter earnings, upping its full-year revenue guidance as it continues inking deals with major telecom operators.

The network security and intelligence solutions company reported a net loss of $0.03 per share, a penny better than last year’s net loss of $0.04 per share.

Revenue totaled $24.2 million, a 16% jump year over year compared with revenue of $20.9 million in the previous third quarter.

Allot surpassed Wall Street estimates of a net loss of $0.05 per share on revenue of $23.69 million.

READ: Allot wins major contract from Dutch telecom giant KPN

Shares of Allot were up nearly 2% to $6.86 in Tuesday pre-market trading.

For the full year, the company expects revenue between $93 million to $95 million, above its previous guidance of $91 million to $95 million.

CEO Erez Antebi highlighted the company’s slew of recent security deals as a driving force behind the revenue boost.

The company recently announced that it would provide network traffic management services to KPN, a leading Dutch landline and mobile telecommunications company.

“Overall, the value of the new deals we won during the first three quarters of 2018 is approximately double of that which we won during all of 2017. These new customers are creating a strong foundation for sustainable growth,” said Antebi in the company’s press release.

While Allot continues to gain ground in the network security and intelligence space, its data packet inspection business, a method of data management, continues to be a meaningful contributor to its growth as it scoops up new accounts.

 

Contact Lenore Fedow at lenore@proactiveinvestors.com

Follow her on Twitter: @LenoreMariee

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Tue, 06 Nov 2018 08:39:00 -0500 https://www.proactiveinvestors.com/companies/news/208633/allot-communications-tops-analyst-estimates-in-3q-raises-full-year-revenue-guidance-208633.html
<![CDATA[News - Allot wins major contract from Dutch telecom giant KPN ]]> https://www.proactiveinvestors.com/companies/news/208320/allot-wins-major-contract-from-dutch-telecom-giant-kpn-208320.html Allot Communications Ltd (NASDAQ:ALLT), the network intelligence and security provider, announced Thursday that it would provide network traffic management services to KPN, a leading Dutch landline and mobile telecommunications company.

The Dutch company has chosen the Allot Secure Service Gateway to manage its traffic, calibrate its data center’s high-rate bandwidth across multiple IP addresses, while simultaneously identifying bandwidth anomalies, and reducing network congestion.   

KPN serves millions of fixed, mobile and Internet subscribers throughout the Netherlands, Germany, Belgium, France, and Spain with business network services and data transport throughout Europe.

"KPN came to us seeking a solution that offered simplicity without increasing operation expenditures, as well as the ability to adequately plan for network capacity on an ongoing basis. After evaluating several vendors, they found that the Allot Service Gateway provided the scalability currently needed with room to expand in the future," said Tomer Egozi, vice president sales, Global Enterprise, at Allot Communications. "After deployment, the operations team is empowered to troubleshoot degradations, identify service level forming breaches in real-time, and forecast growing demands — all of which are important when making conscious expansion decisions.

READ: Allot Communications reaches deal with Swiftel Networks

Allot's Secure Service Gateway is designed to maximize network performance, monitor traffic, pinpoint problems and filter out potential security threats before they have an effect on service, lowering operating costs through a one-stop shop solution.

"Before choosing Allot, we faced several operational challenges including frequent network outages due to poor performance and the inability to run supported cluster and custom advanced reports,” said Gert Heyblom, technical product manager at KPN. “The solution we were using had reached its maximum capacity and this caused scalability issues and negatively impacted customer Quality of Experience (QoE). With the Allot Service Gateway, we will improve overall customer QoE by more easily troubleshooting network and application performance in real time,” he added.

Allot shares were trading flat at $6.43 before the opening bell.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Thu, 01 Nov 2018 07:37:00 -0400 https://www.proactiveinvestors.com/companies/news/208320/allot-wins-major-contract-from-dutch-telecom-giant-kpn-208320.html
<![CDATA[News - Allot Communications reaches deal with Swiftel Networks ]]> https://www.proactiveinvestors.com/companies/news/208030/allot-communications-reaches-deal-with-swiftel-networks-208030.html Allot Communications Ltd (NASDAQ:ALLT), the network security provider, announced Monday that it has partnered with the tech company Swiftel Networks, a provider of global network and IP transit, in a new deal to thwart cyber attacks.

As part of the agreement, Allot will provide Swiftel with a distributed denial-of-service (DDoS) protection system to offer it as a service across their broad network of internet service provider and enterprise customers.

Allot’s DDoS security-as-a service system provides an additional opt-in layer of protection on top of the existing transit link service purchased from Swiftel Networks. The system is groundbreaking as it provides DDoS and deep packet inspection (DPI) in a cloud-scrubbing center.

Revenues from the DDoS security system will be shared between the two companies.

READ: Allot Communications bridges rural/urban technological divide via new partnership

DDoS attacks, a type of cyber attack which occurs when multiple systems flood the bandwidth or resources of a targeted system, have grown exponentially over the past year.

To combat these attacks, Swift has teamed up with Allot. “After testing several vendors’ capabilities, we found Allot to be the only vendor that has both DPI and DDoS protection with the fastest mitigation working in both directions,” noted Ahad Aboss, head of global infrastructure, Cloud and IoT at Swiftel.

READ: Barclays upgrades Allot Communications shares to Equal Weight, boosts price target by 20%

Daniel Keidar, a vice-president for solution architecture, with Allot, added: “Placing a scrubbing center with both DPI and DDoS functionality in the cloud is revolutionary. By doing so, Swiftel is poised to truly disrupt the IP Transit market with this Allot-powered DPI and DDoS Secure cloud-based turn-key solution,” he said.

“We are enabling Swiftel to provide a low cost, reliable and secure transit network to their customers,” Keidar said.

To create this system for Swiftel, Allot incorporated its DDoS Secure solution for mobile, fixed and cloud service providers with an added deep packet inspection and root cause intelligence. Swiftel’s network of customers and partners will benefit from detailed attack forensics and analytics. They will also reap the benefits of the system’s ability to mitigate DDoS attacks and neutralize outbound threats before they affect network service.

Allot shares jumped 1.7% in Monday’s pre-market session to $6.52.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

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Mon, 29 Oct 2018 08:16:00 -0400 https://www.proactiveinvestors.com/companies/news/208030/allot-communications-reaches-deal-with-swiftel-networks-208030.html
<![CDATA[News - Allot ousts incumbent to win a contract with a Tier 1 mobile operator ]]> https://www.proactiveinvestors.com/companies/news/207858/allot-ousts-incumbent-to-win-a-contract-with-a-tier-1-mobile-operator-207858.html Allot Communications Ltd (NASDAQ: ALLT) ousted an incumbent service provider to provide congestion management services to a Tier 1 APAC mobile operator.

The unnamed mobile operator has chosen the Allot Secure Service Gateway and Allot ClearSee Network Analytics to manage its traffic and reduce network congestion.

Shares of Allot were up more than 3% to $6.75 in Thursday pre-market trading.

READ: Allot Communications bridges rural/urban technological divide via new partnership

Allot's Secure Service Gateway is designed to maximize network performance, monitor traffic, pinpoint problems and filter out potential security threats before they have an effect on service, lowering operating costs through a one-stop shop solution.

ClearSee Network Analytics provides real-time data that can be translated into actionable business opportunities.

"Essentially, by choosing Allot's solution, the mobile operator can leverage their cost-saving investment into a revenue generator by utilizing multi-service gateway capabilities,” said Executive Vice President Worldwide Sales Ran Fridman in the company's press release.

Allot recently teamed up with computer-security giant McAfee Inc and Spanish telecom titan Telefónica SA (NYSE:TEF) to help protect the fixed and mobile networks of smaller-scale businesses. The coverage will include device security, extending to mobile and personal computers.

Contact Lenore Fedow at lenore@proactiveinvestors.com

Follow her on Twitter: @LenoreMariee

 

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Thu, 25 Oct 2018 09:14:00 -0400 https://www.proactiveinvestors.com/companies/news/207858/allot-ousts-incumbent-to-win-a-contract-with-a-tier-1-mobile-operator-207858.html
<![CDATA[News - Allot Communications bridges rural/urban technological divide via new partnership ]]> https://www.proactiveinvestors.com/companies/news/207672/allot-communications-bridges-ruralurban-technological-divide-via-new-partnership-207672.html Allot Communications Ltd (NASDAQ:ALLT) is working to bridge the rural/urban technological divide via its latest partnership.

An unnamed regional government in North America has chosen the Allot Secure Service Gateway to bolster its network security and performance.

READ: Barclays upgrades Allot Communications shares to Equal Weight, boosts price target by 20%

The goal of the partnership is to allow the regional government to improve online public services available to residents.

“Sadly, many people in remote areas have learned to live with poor internet access. They have come to accept a rural/urban divide. But, they don’t have to,” said Tomer Egozi, VP Sales Global Enterprise.

Allot’s platform is designed to maximize network performance, monitor traffic, pinpoint problems and filter out potential security threats before they have an effect on service.

The company got its start in deep packet inspection, a method of data management, and has since gained ground in the network security space.

Allot recently teamed up with computer-security giant McAfee Inc and Spanish telecom titan Telefónica SA (NYSE:TEF) to help protect the fixed and mobile networks of smaller-scale businesses. The coverage will include device security, extending to mobile and personal computers.

Shares of Allot were down slightly to $6.36 in Tuesday pre-market trading.

 

Contact Lenore Fedow at lenore@proactiveinvestors.com

Follow her on Twitter: @LenoreMariee

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Tue, 23 Oct 2018 08:28:00 -0400 https://www.proactiveinvestors.com/companies/news/207672/allot-communications-bridges-ruralurban-technological-divide-via-new-partnership-207672.html
<![CDATA[News - Barclays upgrades Allot Communications shares to Equal Weight, boosts price target by 20% ]]> https://www.proactiveinvestors.com/companies/news/206997/barclays-upgrades-allot-communications-shares-to-equal-weight-boosts-price-target-by-20-206997.html Allot Communications Ltd (NASDAQ:ALLT) shares were on the rise after receiving an upgrade by Barclays.

Analyst Joseph Wolf raised the rating to Equal Weight from Underweight, boosting the price target to $6 from $5, as per published reports.

READ: Allot Communications study shows widespread consumer demand for more Internet of Things security

Shares of Allot jumped more than 3% to $6.25 in Friday morning trading.

The tech company got its start in deep packet inspection, a method of data management, and has since gained ground in the network security space.

Allot offers its security services to telecom companies that in turn offer the services to their customers, thereby lifting the customers’ burden of personal responsibility for protecting their devices.

The company recently teamed up with computer-security giant McAfee Inc and Spanish telecom giant Telefónica SA (NYSE:TEF) to help protect the fixed and mobile networks of smaller-scale businesses. The coverage will include device security, extending to mobile and personal computers.

In its second-quarter results, Allot forecast double-digit 2019 revenue growth, expecting to reach the break-even point or profitability by the second half of 2019.

Needham analyst Alex Henderson echoed that profitability forecast back in August, upgrading Allot’s shares to a Buy from Hold with a price target of US$6.35.

 

Contact Lenore Fedow at lenore@proactiveinvestors.com

Follow her on Twitter: @LenoreMariee

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Fri, 12 Oct 2018 09:48:00 -0400 https://www.proactiveinvestors.com/companies/news/206997/barclays-upgrades-allot-communications-shares-to-equal-weight-boosts-price-target-by-20-206997.html
<![CDATA[News - Allot Communications study shows widespread consumer demand for more Internet of Things security ]]> https://www.proactiveinvestors.com/companies/news/206788/allot-communications-study-shows-widespread-consumer-demand-for-more-internet-of-things-security-206788.html Allot Communications Ltd (NASDAQ:ALLT) said on Wednesday that consumers have low levels of confidence in the security of their Internet of Things (IoT) devices and are willing to pay extra to safeguard their connected homes.

In its latest Telco Security Trends Report, it found that there is an average of 8.4 connected devices per home, with smartphones and tablets making up the majority of that number and expanding the surface, which can be attacked by hackers.

Of the 1,261 consumers surveyed in 10 countries, only half of the respondents are aware of threats to their IoT devices and just 20% of respondents are "unequivocally satisfied with the built-in security of connected devices."

"The Allot research points to a marked improvement in consumer awareness of security risks with IoT," said Patrick Donegan, principal analyst with cyber-security analyst firm HardenStance. "The question now is who can build the most viable business models for addressing this opportunity?"

READ: Allot Communications teams up with McAfee and Telefónica to secure networks for smaller businesses

The top three consumer concerns around IoT device security issues are loss of privacy (28%), over-reliance on technology (26%), and cyberattack (22%). Some 74% of consumers report an awareness of and concern about connected devices. Some 72% of households are willing to pay a monthly fee, averaging $5.26, for security services.

Continued IoT market growth is forecast for the remainder of 2018, with Gartner analysts estimating the market value to reach $1 trillion.

The Telco Security Trends Report reveals that ISPs are positioned to benefit from this growth by leveraging their direct relationship with subscribers to deliver their own branded security services from within their own networks.

READ: Allot Communications teams up with Lifeboat Distribution to combat rampant cybersecurity threats in North America

"This report provides a closer look at the true concerns of consumers using IoT devices and reveals some stunning facts. For example, when asked from whom consumers would buy security services, 73% of respondents expressed a preference. Of these, only 22% preferred their ISP, the second brand of choice when compared with three leading security brands and a fourth 'other' brand," said Ronen Priel, vice president for product and strategy at Allot.

"ISPs have the unique opportunity to educate their subscribers directly about the benefits of network-delivered security and the limitation of end-point devices on which AV software cannot be uploaded, giving residential IoT products and services an additional boost and positioning service providers to become the consumer's security supplier of choice," he concluded.

Israel-based Allot Communications is a provider of network intelligence and security solutions for service providers worldwide.

Reporting by Rene Pastor, contactable on rene.pastor@proactiveinvestors.com

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Wed, 10 Oct 2018 08:28:00 -0400 https://www.proactiveinvestors.com/companies/news/206788/allot-communications-study-shows-widespread-consumer-demand-for-more-internet-of-things-security-206788.html
<![CDATA[News - Allot Communications wows Oppenheimer analysts with its positive Q2 results ]]> https://www.proactiveinvestors.com/companies/news/202682/allot-communications-wows-oppenheimer-analysts-with-its-positive-q2-results-202682.html Allot Communications Ltd (NASDAQ:ALLT) reported better-than-expected second-quarter results earlier this week and analysts took notice.

Oppenheimer analysts were encouraged by the network security company’s positive second quarter and its path to profitability.

The Israel-based tech company reported a net loss of US$0.04 per share on revenue of US$23mln, surpassing Wall Street estimates of a net loss of US$0.06 EPS on revenue of US$22.35mln.

Allot reiterated its full-year revenue guidance of US$91 to US$95mln.

The company forecasts double-digit 2019 revenue growth, expecting to reach the break-even point or profitability by the second half of 2019.

READ: Needham upgrades Allot Communications shares to Buy, sees profitability by 2019

“Allot continues to show steady execution building out its security business (sales and marketing efforts, pipeline build, product enhancements) and improving its execution in the visibility and control market. We’re positive on the execution to date, though still look for better visibility into the pace of delivering on the security pipeline (2019+),” wrote analyst George Iwanyc.

Allot is shifting its focus from deep packet inspection, a method of data management, to network security.

The plan is to offer security services to telecom companies that will then offer the services to their customers, thereby lifting the customers’ burden of personal responsibility for protecting their devices.

The analysts cited the company’s recent deals as a sign that carriers are open to their model.

READ: Allot Communications teams up with McAfee and Telefónica to secure networks for smaller businesses

Allot’s joined forces with computer-security giant McAfee Inc and Spanish telecom giant Telefónica SA (NYSE:TEF) to help protect the fixed and mobile networks of smaller-scale businesses. The coverage will include device security, extending to mobile and personal computers.

The analysts reiterated a Perform rating with a positive bias.

The company recently presented at Oppenheimer’s 21st Annual Technology, Internet and Communications Conference.

Shares of Allot added nearly 3% after Thursday’s closing bell in New York and were up slightly to US$6.30 Friday morning. 

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Fri, 10 Aug 2018 09:01:00 -0400 https://www.proactiveinvestors.com/companies/news/202682/allot-communications-wows-oppenheimer-analysts-with-its-positive-q2-results-202682.html
<![CDATA[News - Allot Communications teams up with McAfee and Telefónica to secure networks for smaller businesses ]]> https://www.proactiveinvestors.com/companies/news/202588/allot-communications-teams-up-with-mcafee-and-telefnica-to-secure-networks-for-smaller-businesses-202588.html Network security company Allot Communications Ltd (NASDAQ:ALLT) is teaming up with notable names in cybersecurity and telecommunications to bring coverage to small and medium businesses.

The Israel-based company will join forces with computer-security giant McAfee Inc and Spanish telecom giant Telefónica SA (NYSE:TEF) to help protect the fixed and mobile networks of smaller-scale businesses. The coverage will include device security, extending to mobile and personal computers.

READ: Allot Communications tops second-quarter estimates as it increases focus on network security

"There is a current need in the market to offer an advanced protection service for the fixed and mobile network of companies,” said Jose Luis Gilperez, executive director public administrations, defense and security at Telefónica.

McAfee, a name synonymous with cybersecurity, is a device-to-cloud security company that serves both consumers and businesses. Telefónica is one of the world’s largest broadband and telecommunications providers, serving more than 343 million customers in Europe and Latin America.

Allot and McAfee will combine their security products, Allot’s Network Secure and McAfee Multi Access, to protect users from network threats.

"The Allot and McAfee solution delivers protection everywhere someone connects. Telefonica can potentially achieve very high service penetration ratios for this premium security service. This value-added service provides antivirus and content filtering services on the network and the endpoint device in a unified manner," said Hagay Katz, vice president cybersecurity at Allot, in a press release.

Shares of Allot were up 5% to US$6.07 at market close Wednesday.

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Thu, 09 Aug 2018 08:48:00 -0400 https://www.proactiveinvestors.com/companies/news/202588/allot-communications-teams-up-with-mcafee-and-telefnica-to-secure-networks-for-smaller-businesses-202588.html
<![CDATA[News - Allot Communications tops second-quarter estimates as it increases focus on network security ]]> https://www.proactiveinvestors.com/companies/news/202381/allot-communications-tops-second-quarter-estimates-as-it-increases-focus-on-network-security-202381.html Allot Communications Ltd (NASDAQ:ALLT) announced its second-quarter results, topping revenue estimates and seeing a narrower-than-expected loss.

The network security company reported a net loss of US$0.04 per share on revenue of US$23mln, compared with a net loss of US$0.07 per share on revenue of US$19.5mln in the previous year’s second quarter.

The Israel-based company beat Wall Street estimates of a net loss of US$0.06 EPS on revenue of $22.35mln.

Shares were up nearly 6% to US$5.67 in Tuesday pre-market trading.

Allot provides network intelligence and security solutions to service providers. Allot Secure, its security-as-a-service platform, is used by over 20 million subscribers throughout the world.

The company ended this year’s second quarter with slightly more cash on hand, totaling US$105.9mln compared with US$104.7mln in 2017.

READ: Needham upgrades Allot Communications shares to Buy, sees profitability by 2019

For the year ahead, revenue is expected to be in the range of US$91mln to US$95mln.

"Much of our growth in the first half of the year came from actionable intelligence use cases and we are pleased with our improvements in this market segment. Furthermore, we are very encouraged by the market traction we are seeing for our security solutions,” said CEO Erez Antebi in the company’s press release.

The company expects to announce a unified security deal for Telefonica Spain in the near future.

Allot’s analytics system was recently chosen by a Tier 1 Northern European mobile operator in an effort to boost customer loyalty and bring in new subscribers.

Needham analysts upgraded the software company’s shares to a Buy from Hold with a price target of US$6.35, citing the company’s encouraging transition from deep-packet inspection technology, or a way of managing network traffic, to service provider network intelligence and security.

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Tue, 07 Aug 2018 08:28:00 -0400 https://www.proactiveinvestors.com/companies/news/202381/allot-communications-tops-second-quarter-estimates-as-it-increases-focus-on-network-security-202381.html
<![CDATA[News - Needham upgrades Allot Communications shares to Buy, sees profitability by 2019 ]]> https://www.proactiveinvestors.com/companies/news/202300/needham-upgrades-allot-communications-shares-to-buy-sees-profitability-by-2019-202300.html Israeli tech company Allot Communications Ltd (NASDAQ:ALLT) started the week off on a positive note.

Needham analysts upgraded the software company’s shares to a Buy from Hold with a price target of US$6.35.

Analyst Alex Henderson boosted the shares’ rating citing the company’s transition from deep-packet inspection technology, or a way of managing network traffic, to service provider network intelligence and security.

In order to transition, the company had to move away from its hardware business to adopt cloud principles.

WATCH: Allot Communications turns focus to network security

“We have patiently watched the company transition, waiting for proof points that the strategy has taken hold. We are now convinced it has and foresee Allot delivering double-digit growth, improving margins and returning to profitability in CY19,” wrote Henderson.

A major proof-point for the analyst was that company’s investment in its software-as-a-service business.

Allot recently announced that its analytics system had been chosen by a Tier 1 Northern European mobile operator in an effort to boost customer loyalty and bring in new subscribers.

The unnamed mobile operator will use Allot ClearSee Network Analytics to manage its network performance and access real-time information about its business. An interactive traffic analysis dashboard shows bandwidth consumption, usage volume as well as the quality of streaming video.

Shares of Allot were up in Monday pre-market trading and continued to rise after the open, adding 1.5% to US$5.34.

 

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Mon, 06 Aug 2018 08:55:00 -0400 https://www.proactiveinvestors.com/companies/news/202300/needham-upgrades-allot-communications-shares-to-buy-sees-profitability-by-2019-202300.html
<![CDATA[News - Allot Communications to provide tech to a Tier 1 European mobile operator hoping to boost subscribers ]]> https://www.proactiveinvestors.com/companies/news/201930/allot-communications-to-provide-tech-to-a-tier-1-european-mobile-operator-hoping-to-boost-subscribers-201930.html Allot Communications Ltd (NASDAQ:ALLT) announced that its analytics system has been chosen by a Tier 1 Northern European mobile operator in an effort to boost customer loyalty and bring in new subscribers.

The unnamed mobile operator will use Allot ClearSee Network Analytics to manage its network performance and access real-time information about its business. Financial terms of the deal were not disclosed.

The technology is able to simplify data mining, allowing users to pinpoint their customer base. The interactive traffic analysis dashboard shows bandwidth consumption, usage volume as well as the quality of streaming video.

Mobile operators are faced with the challenge of giving users the best possible experience while also shielding their own brand, according to Ronen Priel, Allot’s vice president of product management.

READ: Israel’s Allot teams up with Lifeboat Distribution to combat rampant cybersecurity threats in North America

"To help overcome this obstacle, service providers need actionable network intelligence at their fingertips. Allot's ClearSee Network Analytics helps meet this need backed by its unique blend of technology for a deeper understanding of end-user behavior and visibility into the network,” said Priel in a press release.

Allot recently announced that Russian satellite operator AMTEL-SVYAZ would be deploying its Allot Secure Service Gateway, or SSG, and DDoS Secure in partnership with Mandarin Solutions to maximize network security and quality.

Software company Lifeboat Distribution also recently teamed up with the company, using its SSG to protect its North American customers from cybersecurity threats.

The tech company is based in Hod HaSharon, one of Israel’s tech hubs, about 10 miles from Tel-Aviv. Its multi-service platforms provide network-based security solutions to more than 20 million European subscribers.

US-traded shares of the company were down slightly to US$5.08 by Monday’s closing bell.

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Tue, 31 Jul 2018 08:41:00 -0400 https://www.proactiveinvestors.com/companies/news/201930/allot-communications-to-provide-tech-to-a-tier-1-european-mobile-operator-hoping-to-boost-subscribers-201930.html
<![CDATA[News - Allot Communications to present at Oppenheimer Technology, Internet, and Communications conference in Boston ]]> https://www.proactiveinvestors.com/companies/news/201842/allot-communications-to-present-at-oppenheimer-technology-internet-and-communications-conference-in-boston-201842.html Allot Communications Ltd. (NASDAQ:ALLT) announced Monday that it will be presenting at the 21st annual Oppenheimer Technology, Internet and Communications conference in Boston August 8.

The company, based in Israel, specializes in security and monetization solutions that enable providers to protect and personalize the digital experience.

It will carry out its presentation at the Four Seasons Hotel, scheduled for 3:05 pm ET, next Wednesday.

The company said that Investors will be able to meet with Allot’s Chief Financial Officer Alberto Sessa one-on-one at the event. Sessa will then be in New York August 9 and 10 to meet with investors and analysts.

Allot Communications’ solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.

The company’s multi-service platforms serve more than 500 mobile, fixed and cloud service providers and more than 1,000 enterprises.

The stock recently traded at US$5.14 in pre-market action, down two cents from Friday's closing price. 

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Mon, 30 Jul 2018 09:09:00 -0400 https://www.proactiveinvestors.com/companies/news/201842/allot-communications-to-present-at-oppenheimer-technology-internet-and-communications-conference-in-boston-201842.html
<![CDATA[News - Allot Communications teams up with Lifeboat Distribution to combat rampant cybersecurity threats in North America ]]> https://www.proactiveinvestors.com/companies/news/200960/allot-communications-teams-up-with-lifeboat-distribution-to-combat-rampant-cybersecurity-threats-in-north-america-200960.html Beneath everyday web traffic, there’s a fierce battle raging for the security of the Internet. To draw the battle lines against cybersecurity threats, Allot Communications Ltd. (NASDAQ:ALLT, TASE:ALLT) teamed up Tuesday in the digital arena with Lifeboat Distribution to supply its flagship Allot Secure Service Gateway (SSG) to its North American customers.

The partnership will make the Hod Hasharon, Israel, company’s Allot SSG solution available to Lifeboat Distribution’s large roster of partners, customers and vendors.

"Our relationship with Lifeboat is very timely — cybercrime is now one of the largest financial criminal activities worldwide," said Aviel Sivan, vice president channel development and sales operations at Allot.

"With more reliance on connectivity, cybercrime will only get worse. Our granular DPI technology ensures robust protection against a rapidly evolving DDoS threat landscape and offers a new level of network bandwidth intelligence, giving resellers an opportunity to improve security posture and overall customer satisfaction," added Sivan.

READ: Allot Communications seal $4.5m deal with Tier 1 broadband provider

The Allot SSG solution provides advanced network and web security to thwart malware, phishing and threats.

Lifeboat Distribution has more than US$417mln in sales in 2017. The company specializes in network and security as part of six core solution areas and has more than 250 vendors in their portfolio.

"We're bringing Allot's visibility, control, and secure solutions to the North American market to help combat the rise and size of cybersecurity threats, including DDoS attacks," said Brian Gilbertson, vice president and general manager at Lifeboat Distribution.

"North America is notoriously known for attracting cybercriminals and to this day remains a large target," Gilberston added. "Allot has demonstrated itself to be a world leader in this domain."

Gilbertson said the Allot SSG solution "has huge potential in this market" to better protect its enterprise and ISP customers while giving them "the opportunity to generate incremental revenue.”

Allot Communications' hardware platforms and software applications employ Deep Packet Inspection (DPI), which turn broadband pipes into smart networks. The company’s biggest customer is Vodaphone Group plc (NASDAQ:VOD), the European telecom giant.

Allot stock was down slightly to US$5.19 in morning trade, in sync with a broadly falling market.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive

-- (Updates with new quotes, stock price) --  

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Wed, 25 Jul 2018 08:43:00 -0400 https://www.proactiveinvestors.com/companies/news/200960/allot-communications-teams-up-with-lifeboat-distribution-to-combat-rampant-cybersecurity-threats-in-north-america-200960.html
<![CDATA[News - Russian satellite operator AMTEL-SVYAZ deploys Allot Communication’s service gateway to boost network security, streaming quality ]]> https://www.proactiveinvestors.com/companies/news/201446/russian-satellite-operator-amtel-svyaz-deploys-allot-communications-service-gateway-to-boost-network-security-streaming-quality-201446.html Allot Communications Ltd. (NASDAQ:ALLT, TASE:ALLT) announced Tuesday that Russian satellite operator AMTEL-SVYAZ is deploying its flagship Allot Secure Service Gateway (SSG) and DDoS Secure in partnership with Mandarin Solutions to maximize network security and quality.

By deploying Israel-based Allot’s traffic management and network security platform, AMTEL-SVYAZ is now able to boost streaming quality. It also blocks troublesome distributed denial-of-service (DDoS) attacks, which is a malicious attempt to disrupt normal traffic on a targeted server, or network by overwhelming it with a flood of Internet traffic. DDoS attacks utilize multiple compromised computer systems as sources of "attack traffic."

READ: Israel’s Allot teams up with Lifeboat Distribution to combat rampant cybersecurity threats in North America

"Solving the problems of network protection against DDoS attacks and overloads enabled us to improve our quality of services," said Igor Ilinchik, first deputy CEO at AMTEL-SVYAZ. "The advantage of the DPI system from Allot is that it can be deployed on a virtual infrastructure. Thus, we were able to reduce the initial cost (CAPEX) and reduce the payback period of the system."

The Allot SSG solution also provides advanced network and web security to thwart malware, phishing and threats.

“We're delighted that AMTEL-SVYAZ can benefit from our unique blend of network intelligence and security solutions which allow service providers to deploy true multi-service functionality in a fully virtualized form factor. This reduces implementation costs for the project, all while delivering a superior performance," said Ran Fridman, executive vice president of sales at Allot Communications.

"Our granular DPI technology ensures robust protection against a rapidly evolving DDoS threat landscape and offers a new level of network bandwidth intelligence, keeping service providers firmly on the front foot when it comes to ensuring quality of service and customer satisfaction."

Allot Communications' hardware platforms and software applications employ Deep Packet Inspection (DPI), which turn broadband pipes into smart networks. The company’s biggest customer is Vodaphone Group plc (NASDAQ:VOD), the European telecom giant.

Allot stock rose 0.2% to US$5.21 in premarket trade Tuesday.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Tue, 24 Jul 2018 07:59:00 -0400 https://www.proactiveinvestors.com/companies/news/201446/russian-satellite-operator-amtel-svyaz-deploys-allot-communications-service-gateway-to-boost-network-security-streaming-quality-201446.html
<![CDATA[Media files - Allot Communications turns focus to network security ]]> https://www.proactiveinvestors.com/companies/stocktube/9510/allot-communications-turns-focus-to-network-security-9510.html Fri, 08 Jun 2018 07:56:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/9510/allot-communications-turns-focus-to-network-security-9510.html <![CDATA[News - Allot Communications seal $4.5m deal with Tier 1 broadband provider ]]> https://www.proactiveinvestors.com/companies/news/73124/allot-communications-seal-45m-deal-with-tier-1-broadband-provider-6279.html Broadband service optimization specialist, Allot Communications (NASDAQ: ALLT) has secured a $4.5 million deal with a Tier-1 fixed operator, to provide its flagship Service Gateway Sigma (SG-Sigma) product. According to Allot, SG-Sigma maximizes network efficiency and performance by integrating network intelligence, policy control, and revenue-generating services into a single platform.

"This win is further proof of SG-Sigma's superior capabilities and its standing as the operator platform of choice, both for fixed and for mobile broadband networks", Allot President & CEO Rami Hadar said. "Our proven execution on large deployments makes Allot a preferred vendor for Tier 1 operators".

The company said that the multi-site deployment will initially handle more than 1Tb (Terabit) of traffic.

“The SG-Sigma's superior bandwidth management capabilities will enable the operator to extract more comprehensive intelligent information from the network and use this information to optimize network performance”, Allot stated.

SG-Sigma facilitates new value-added network and subscriber services - including TierManager, Quota Manager, NetPolicy Provisioner, CellWise, MediaSwift, WebSafe and ServiceProtector.

According to Allot, the optimized network performance will offer the operator’s subscribers an improved and more personalized experience.

Allot provides intelligent IP service optimization and revenue generation solutions for fixed and mobile broadband operators and large enterprises. Other products in the company’s portfolio include the Dynamic Actionable Recognition Technology (DART) is designed to create smart networks, with which operators can deploy value added Internet services.

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Wed, 02 Jun 2010 11:25:00 -0400 https://www.proactiveinvestors.com/companies/news/73124/allot-communications-seal-45m-deal-with-tier-1-broadband-provider-6279.html
<![CDATA[News - Allot Communications IP service optimization revenues climb, company nears break-even level ]]> https://www.proactiveinvestors.com/companies/news/72142/allot-communications-ip-service-optimization-revenues-climb-company-nears-break-even-level-4166.html

IP service optimization and revenue generation solutions provider, Allot Communications (NASDAQ: ALLT) announced that it had reached break-even on a non-GAAP (Generally Accepted Accounting Principles) basis for the fourth quarter of 2009.

Allot Communications reported both fourth quarter (Q4 2009) and full year results (FY 2009) for the period ended December 31, 2009 this morning. Q4 2009 revenues climbed 21% to $11.5 million (Q4 2008: $9.6 million) and a net loss of $1.5 million, or 7 cents per share (Q4 2008: net income $1 million, or 5 cents per share) on a GAAP basis.

For FY 2009, revenues rose 13% to $41.8 million (FY 2008: $37.1 million). On a GAAP basis, net losses in 2009 improved to $7.7 million or 35 cents per share (FY 2008: net loss $16.5 million or 75 cents per share).

However, Allot Communications was keen to point out that on a non-GAAP basis, and excluding the impact of share-based compensation, inventory and fixed assets write-offs and ARS devaluation and recoveries, net income for Q4 2009 totaled $19,000, or nil per share. This compared more favourably to a non-GAAP net loss of $1.1 million, or 5 cents per share in Q4 2008.

"The Company provides these non-GAAP financial measures because it believes that they present a better measure of the Company's core business and management uses the non-GAAP measures internally to evaluate the Company's ongoing performance. Accordingly, the Company believes that they are useful to investors in enhancing an understanding of the Company's operating performance," Allot stated this morning.

"We successfully undertook the largest deployment in our history with a global Tier 1 mobile operator, with total orders as at the end of the year reaching $17 million. Coupled with the strong backlog we built up during the year, we currently believe that Allot is well positioned for continued growth in 2010," Rami Hadar, Allot Communications' President and Chief Executive Officer, added.

As of December 31, 2009, cash, cash equivalents, deposits and investments in marketable securities totaled $53.3 million.

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Tue, 09 Feb 2010 11:49:00 -0500 https://www.proactiveinvestors.com/companies/news/72142/allot-communications-ip-service-optimization-revenues-climb-company-nears-break-even-level-4166.html