/Q3 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 20 million subscribers globally.
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 recurring revenue 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 26%, with third quarter 2020 revenue of $34.8 million, and gross margins of 69%.
Guidance for 2020 revenue is between $135 and $140 million, representing accelerated double-digityear-over-year growth.
SHARE CHART | as of October 31, 2020 |
QUARTERLY REVENUES - in $M
33 | 35 | |||||||
31 | ||||||||
27 | 28 | 29 | 16% CAGR | |||||
25 | ||||||||
110 | ||||||||
96 | ||||||||
82 | ||||||||
2017 | 2018 | 2019 | 4 | |||||
2019 | 2020 |
MANAGEMENT TEAM
Erez Antebi, CEO | Ronen Priel, CTO |
Ziv Leitman, CFO | Vered Zur, VP Marketing |
Ran Fridman, EVP Global Sales | Yael Villa, SVP Cyber Security Business |
Keren Rubanenko, SVP Allot Smart | Unit |
Business Unit | Hagay Katz, VP Strategic Accounts, |
Rael Kolevsohn, VP General Counsel | Cyber Security |
Pini Gvili, VP Operations | Mark Shteiman, VP Product |
Management, Allot Smart Business Unit | |
Ronit Weinstein , VP Human Resources | Aharon Mullokandov, VP R&D, |
Cyber Security Business Unit |
BOARD OF DIRECTORS
Yigal Jacoby, Chairman | Steven D. Levy |
Nurit Benjamini | Miron (Ronnie) Kenneth |
Itsik Danzinger | Nadav Zohar |
Manuel Echanove | ||
STOCK FUNDAMENTALS | as of October 31, 2020 | |
Ticker | ALLT | |
Exchanges | Nasdaq, Tel Aviv Stock Exchange | |
Industry | Technology; Communications Services | |
No. of Shares | 35.3M | |
Outstanding | ||
52 week High | $13.05 | |
52 week Low | $6.44 |
FINANCIAL HIGHLIGHTS
2019 Revenues: $110M
2020 Q3 Revenues: $34.8M, up 26% YoY
Expected to be profitable in Q4/20
Cash and investments as of Sept. 30, 2020: $107M
2020 Revenue Guidance: $135-140M
LATEST NEWS
Oct 29, 2020: MEO Launches Cybersecurity Service for Mobile Subscribers, Powered by Allot
Oct 21, 2020:Tier-1Telecom Service Provider in APAC Selects AllotHomeSecure to ProvideCyber-protectionto Consumers
Oct 13, 2020:Tier-1Telco in APAC Selects Allot Congestion Management for Quality of Experience Improvement and CAPEX Savings
Oct 5, 2020: Telefónica Expands 'Conexión Segura'Security-as-a-Service Solution Powered by Allot to Protect Spanish SMBs from Cyberattacks
Aug 24, 2020: New Zealand's DIA Selects Allot to Protect Its Citizens from Digital Child Exploitation Content
May 26, 2020: Allot Launches BusinessSecure, a New Solution for Telcos toProtect Their Business Customers from Cyberattacks
All reported results are Non-GAAP.
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 09 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2020 09:05:09 UTC