/ Q1 2021 | 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, 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 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 20 million subscribers globally.
MARKET FOCUS
Security: Allot is revolutionizing consumer cybersecurity. The Allot Secure suite of network-based cybersecurity solutions gives CSPs a clientless, zero-touch branded service that protects their consumer and small business customers from cyberthreats wherever they are and on any device.
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.
KEY TAKEAWAYS
Allot continues to successfully execute its long term growth plan with:
- First major penetration into US market: DISH Network
- Cumulative MAR* of $280M - as of Mar. 31, 2021
- Recurring security revenues totaled $2M in 2020, with guidance of over $6M for 2021 and expectations for around $25M in 2022
- 2020 year over year annual revenue growth of 23%
- 2020 Gross margins of 71%
- End of Q1 cash and investments of $103M
SHARE CHART | April 30, 2021 | |
QUARTERLY REVENUES - in $M
MANAGEMENT TEAM
Erez Antebi, CEO | Vered Zur, VP Marketing |
Ziv Leitman, CFO | Dr. Yael Villa, SVP Cyber Security |
Ran Fridman, EVP Global Sales | Business Unit |
Keren Rubanenko, SVP | Hagay Katz, VP Strategic Accounts, |
Cyber Security | |
Allot Smart Business Unit | |
Rael Kolevsohn, VP General Counsel | Mark Shteiman, VP Product |
Pini Gvili, VP Operations | Management, Allot Smart Business |
Unit | |
Ronit Weinstein, VP Human | |
Aharon Mullokandov, VP R&D, | |
Resources | |
Cyber Security Business Unit | |
Noam Lila, VP Customer Success | |
BOARD OF DIRECTORS
Yigal Jacoby, Chairman | Steven D. Levy |
Nurit Benjamini | Miron (Ronnie) Kenneth |
Itsik Danzinger | Nadav Zohar |
Manuel Echanove |
STOCK FUNDAMENTALS | as of April 30, 2021 | |
Ticker | ALLT | |
Exchanges Nasdaq Tel Aviv Stock Exchange | ||
Industry | Software: Cybersecurity | |
No. of Shares Outstanding | 35.8M | |
52 week High | $20.19 | |
52 week Low | $8.46 |
FINANCIAL HIGHLIGHTS
2020 Revenues: $136M
2021 Q1 Revenues: $31M, up 6% YoY
Cash and investments as of March 31, 2021: $103M
2021 Revenue Guidance: $145-150M
LATEST NEWS
Apr 6, 2021: DISH Selects Allot to Protect the United States' First Cloud-native,OpenRAN-based 5G Network and its Customers from Cybersecurity Threats
Mar 2, 2021: Exetel Launches Anti-malware and Parental Control Services, Powered by Allot NetworkSecure
Mar 1, 2021: Phishing Attacks Increase 718% in Europe According to Allot Research
Feb 16, 2021: Allot Traffic Management Solution Selected by Broadband Provider in Japan
Jan 19, 2021: Tier-1 Telecom Service Provider in Europe Selects Allot HomeSecure and BusinessSecure to Provide Cyber-protection to Consumers and SMBs
Jan 13, 2021: Allot Secure Selected to Provide Cybersecurity Services to a Tier-1 European Mobile Provider with Over 10 Million Subscriber
All reported results are Non-GAAP.
*MAR (maximum annual revenue potential of concluded transactions) was estimated by Allot upon transaction signature and constitutes an approximation of the theoretical annual revenues Allot would receive if 100% of the customer's subscribers, as estimated by Allot, signed up for the service.
INVESTOR RELATIONS | Ehud Helft / Kenny Green, GK Investor Relations | PUBLIC RELATIONS | Seth Greenberg, Allot |
+1-646-688-3559 | Allot@gkir.com | +972 9 761-9200 | investors@allot.com |
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Allot Communications Ltd. published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 13:29:08 UTC.