Allot Ltd. (ALLT) gained in the pre-market after the company announced that a North American Carrier Selected Allot to Provide Customers with Cybersecurity Services. ALLT values at $9.05, gaining more than 6% compared to yesterday’s closing price. The stock closed at $8.55 at the end of the previous trading session. The stock volume was around 208.89K shares.
North American carriers choose Allot Ltd. (ALLT)
Allot Ltd. (ALLT) announced today that it had signed an agreement at the end of 2021. Allot NetworkSecure announced that a major North American carrier with millions of subscribers had picked the company’s Allot NetworkSecure platform to provide cybersecurity protection to its 4G and 5G clients. According to the agreement, the ongoing revenue from monthly cybersecurity service fees will be split between the carrier and Allot.
NetworkSecure is a network-based solution that provides zero-touch, clientless operation and does not require the end-user to install any software. With NetworkSecure, the carrier can now defend its customers from threats including viruses, malware, phishing, and ransomware. Alerts and reports are provided through an easy-to-use branded interface, which helps to increase brand loyalty.
ALLT VP about the deal
Allot’s VP of Sales for North America, Moshe Moran, stated that the agreement will make the carrier one of the very first North American carriers to offer zero-touch network-based cybersecurity services to its client base. He stated that Allot is proud to have helped them achieve this milestone.
Upcoming News and events
The company announced in a press release on January 31, 2022, that On February 15, 2022, Allot will host a conference call to discuss the fiscal year 2021 earnings results.
Conclusion
Allot Ltd. (ALLT) gained after striking a deal with one of the leading carriers in North America with millions of customers base. Next week, the corporation will also reveal its financial results for the fourth quarter and the entire fiscal year 2021. The company has entered the first quarter with good momentum and will help them increase their revenues and gain other corporate clients.
