/Q2 2020 | www.allot.com | ||||
COMPANY PROFILE
Allot Ltd. (NASDAQ, TASE: ALLT) is a provider of leading innovative network intelligence and security solutions for service providers and enterprise worldwide, enhancing value to their customers. Our solutions are deployed globally for network and application analytics, trac 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 as well as 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 23 million subscribers in Europe.
MANAGEMENT TEAM
Erez Antebi, CEO | Ronen Priel, CTO |
Ziv Leitman, CFO | Vered Zur, VP Marketing |
Ran Fridman, EVP Global Sales | Pini Gvili, VP Operations |
Keren Rubanenko, SVP Customer | Hagay Katz, VP Strategic Accounts, |
Success | Cyber Security |
Nir Perry, SVP R&D | Mark Shteiman, VP Product Management |
Rael Kolevsohn, VP General Counsel | Ronit Weinstein, VP Human Resources |
MARKET FOCUS
Security: Allot Secure is a security service delivery platform designed to empower CSPs to provide a seamless customer experience by unifiying network-based security, home gateway security and security clients in a branded value added service.
Actionable Intelligence: Allot Smart solutions give CSPs and enterprises the ability to see, classify and quantify all of the activity on their networks so they can ensure consistent and reliable quality of experience and service.
RECENT ACTIVITY
Allot continues to successfully execute its long-term growth plan with new Security-as-a-Service deals and continued growth in the Allot Smart and regulatory compliance markets. This is reflected in year-over-year revenue growth of 23%, with second quarter 2020 revenue of $32.8 million, and gross margins of 70.7%.
Guidance for 2020 revenue is between $135 and $140 million, representing accelerated double-digityear-over-year growth.
SHARE CHART | as of July 31, 2020 |
QUARTERLY REVENUES - in $M
31 | 33 | |||||||
29 | ||||||||
27 | 28 | 16% CAGR | ||||||
25 | ||||||||
110 | ||||||||
96 | ||||||||
82 | ||||||||
2017 | 2018 | 2019 | 4 | |||||
2019 | 2020 |
BOARD OF DIRECTORS
Yigal Jacoby, Chairman | Steven D. Levy |
Nurit Benjamini | Miron (Ronnie) Kenneth |
Itsik Danzinger | Nadav Zohar |
Manuel Echanove
STOCK FUNDAMENTALS | as of July 31, 2020 | |
Ticker | ALLT | |
Exchanges | Nasdaq, Tel Aviv Stock Exchange | |
Industry | Technology; Communications Services | |
No. of Shares | 35.12M | |
Outstanding | ||
52 week High | $13.05 | |
52 week Low | $6.44 |
FINANCIAL HIGHLIGHTS
2019 Revenues: $110M
2020 Q2 Revenues: $32.8M, up 23% YoY
Expected to be profitable in Q4/20
Cash and investments as of 30.6.2020: $109M
2020 Revenue Guidance: $135-140M
LATEST NEWS
Allot Launches BusinessSecure, a New Solution for Telcos to Protect TheirBusiness Customers from Cyberattacks
Apr 16, 2020: Allot Provides Business Update in view of COVID-19 Pandemic
Mar 23, 2020: Broadcom Partners with Allot to Oer Symantec PacketShaper Customers a Smooth Transition to Allot Secure Service Gateway
Feb 25, 2020: Allot launches a Mobile Virtual Conference for Communication Providers to Replace Cancelled Mobile World Congress
January 21, 2020: Altice Portugal's MEO Selects Allot Security-as-a-Service Solution to Protect Mobile Users from Cyberattacks
January 13, 2020: Central and Eastern European Mobile Group Selects AllotSecurity-as-a-ServiceSolution
CONTACT INFORMATION | INVESTOR RELATIONS | PUBLIC RELATIONS | |
Allot Communications Inc. | Allot Communications Ltd. | GK Investor Relations | Allot |
USA | EMEA | Ehud Helft / Kenny Green | Seth Greenberg |
Tel: 1-781-939-9300 | Tel: +972 9 761-9200 | Tel: 1-646-688-3559 eMail: Allot@gkir.com | Tel: +972 9 761-9200 eMail: investors@allot.com |
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Allot Communications Ltd. published this content on 04 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2020 09:50:05 UTC