24/7 Market News Snapshot 25 February, 2025 – Allot Ltd. Ordinary Shares (NASDAQ:ALLT)

February 25, 2025

DENVER, Colo., 25 February, 2025 (247marketnews.com) – (NASDAQ:ALLT) are discussed in this article.
Allot Ltd. is experiencing a significant upward momentum, with its stock price reflecting a notable increase today. It opened at $6.71 and has surged to $7.815, an impressive rise of 18.23% from the previous close of $6.61. This surge is accompanied by heightened trading activity, as evidenced by a volume of 1.54 million shares, indicating robust investor interest and market enthusiasm. Analysts suggest that this buying pressure may be underscored by favorable market news or sentiment, while potential resistance levels are anticipated around $8.00, with support near the $7.00 mark. Continued trading volume will be vital in confirming this momentum and may signal further bullish opportunities ahead.

In conjunction with this stock performance, Allot has reported strong financial results for the fourth quarter and the full year of 2024, evidencing a substantial recovery. The company’s revenues for the fourth quarter reached $24.9 million, reflecting a 2% increase year-over-year and a 7% sequential rise. The SECaaS (Security as a Service) segment notably contributed to this growth, achieving a remarkable 49% year-over-year revenue increase to $4.8 million, driven by escalating demand for cybersecurity solutions. Allot’s annual recurring revenue (ARR) for SECaaS also grew 43% year-over-year, totaling $18.2 million.

Eyal Harari, CEO of Allot, expressed optimism regarding the company’s trajectory, highlighting the return to profitability and positive cash flow generation as crucial indicators of the company’s potential. The fourth quarter also saw a commendable non-GAAP gross margin of 69.7%, up from 51.7% in the prior year, alongside a positive operating cash flow of $4.1 million. For the full year, total revenues reached $92.2 million, reinforcing Allot’s strategy for growth and operational efficiency. As Allot moves into 2025, it is committed to advancing its double-digit growth in SECaaS revenue and ARR, while further enhancing overall profitability.

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