24/7 Market News Snapshot 09 January, 2025 – Allot Ltd. Ordinary Shares (NASDAQ:ALLT)

January 9, 2025

DENVER, Colo., 09 January, 2025 (247marketnews.com) – (NASDAQ:ALLT) are discussed in this article.
Allot Ltd. (NASDAQ:ALLT) is experiencing a notable bullish trend, with its ordinary shares trading at $7.305 during the pre-market session, reflecting a significant increase of 4.96% from the previous close of $6.960. The heightened trading volume, reaching 2.02 million shares, indicates robust investor interest and positive market sentiment surrounding the stock. Analysts are advised to monitor resistance levels and potential profit-taking as the price approaches crucial technical thresholds; a continuation of this upward momentum could lead ALLT to challenge higher targets in the near future.

In addition, Allot has forged a strategic partnership with O2 Czech Republic, a subsidiary of the PPF Group, to enhance its cybersecurity offerings through the launch of the Allot DNS Secure service. This innovative solution is designed to bolster protection for both mobile and fixed broadband consumers against a variety of cyber threats, including ransomware, viruses, trojans, and phishing attempts. By securing a recurring monthly fee for these essential services, Allot strengthens its position in the telecommunications sector.

Jan Hruška, Chief Technology Officer at O2 Czech Republic, expressed confidence in the partnership, stating that it will significantly improve the company’s capacity to protect its customers from evolving cyber threats. Amir Oren, Vice President of Sales for EMEA at Allot, highlighted that O2 is now the fifth operator within the PPF Group to adopt Allot’s security services. The Allot DNS Secure solution not only delivers essential cybersecurity protections but also offers features such as parental controls, enhancing user safety in managing online content. This collaboration marks a pivotal moment in Allot’s strategy to expand its cybersecurity services and reinforce its leadership within the network solutions space.

Related news for (ALLT)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.