Allot (NASDAQ:ALLT) Stock

Allot

Allot Ltd is a provider of network intelligence and security solutions for service providers and enterprises. The company's solutions are deployed globally for network and application analytics, traffic control and shaping, and network-based security services. The firm's multi-service platforms are deployed by mobile, fixed, and cloud service providers and enterprises. It has a customer base in Europe, Asia and Oceania, the Americas, the Middle East, and Africa.

ALLT

AMPX

AVAV

CMPX


The principle of momentum investing—though contrary to the traditional wisdom of buying low and selling high—suggests that investors can profit by buying rising stocks and selling them before they decline.

Top 3 High-Momentum Companies Analysts Are Still Bullish On

Netflix, TSMC, American Express, Moderna, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

News

Pre-Market Outlook

Markets

Movers

Trading Ideas

AKTS

APTO

ARQQ

CDXC

DBGI

ELAB

GORO

KULR

LION

NIVF

Nuveen California Dividend Advantage Municipal Fund 2

QMCO

QUBT

RGTI

UXIN

XCUR

XTKG

Why Uxin Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

Earnings

Penny Stocks

SPOT

Spotify (NYSE: SPOT) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to loss of $1.24 per share a year ago. These figures are adjusted for non-recurring items.

Spotify Surpasses Q1 Earnings and Revenue Estimates

Allot Ltd

WIIM

AEHR

AIRE

AIXI

ALAB

APPS

ATGL

ATOM

BBAI

BLIN

BNAI

CCTG

CMBM

CXAI

DATS

DUOT

EGAN

GRRR

HTCR

IDAI

IFBD

INTZ

IVDA

KOPN

LDTC

LIDR

LUNA

MLGO

MOBBW

MVIS

ONDS

PHUN

PONY

PRSO

QUIK

RCAT

REKR

SKYT

SMSI

SOBR

SOUN

TOYO

TSSI

VERI

VNET

VRME

VUZI

WISA

WKEY

WRAP

Shares of tech-related stocks are trading higher. The sector may be gaining ahead of the new year.

Contracts

General

Asahi Net, A Broadband Provider In Japan, And Allot Have Signed An Agreement For Asahi Net To Adopt The Newly Announced SG-Tera III Multiservice Platform

Allot Limited shares are trading higher after the company announced better-than-expected financial results.

Shares of Uxin Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NYSE">UXIN</a>) rose sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/quote/UXIN/earnings">second-quarter financial results.</a>
Uxin posted quarterly sales of $70.85 million, up from $48.80 million in the year-ago period
Uxin shares rose 3% to $6.50 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) gained 59.2% to $2.77 in pre-market trading after climbing around 18% on Friday.</li>
<li>Quantum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) rose 40.4% to $12.84 in pre-market trading after jumping 127% on Friday.</li>
<li>KULR Technology Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NYSE">KULR</a>) gained 29.8% to $0.5777 in pre-market trading after gaining around 7% on Friday.</li>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) gained 28.4% to $23.59 in pre-market trading after jumping around 69% on Friday.</li>
<li>Arqit Quantum Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) gained 22% to $15.76 in pre-market trading after gaining 21% on Friday.</li>
<li>NOVONIX Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) gained 19.1% to $2.31 in pre-market trading. Novonix secured a 32,000-tonne offtake agreement with Volkswagen&#8217;s PowerCo for synthetic graphite supply.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) gained 16.9% to $7.13 in pre-market trading after jumping 28% on Friday.  </li>
<li>Allot Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) climbed 16.7% to $4.94 in pre-market trading. Allot, last week, reported better-than-expected quarterly financial results.</li>
<li>Lionsgate Studios Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LION#NASDAQ">LION</a>) gained 11.2% to $7.89 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares tumbled 37.5% to $0.0629 in pre-market trading</li>
<li>Aptose Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APTO#NASDAQ">APTO</a>) shares fell 17.8% to $0.1560 in pre-market trading. Aptose Biosciences shares dipped 22% on Friday after the company announced the pricing of an $8 million public offering.</li>
<li>X3 Holdings Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) declined 16.6% to $1.76 in pre-market trading.</li>
<li>NewGenIvf Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) fell 16.1% to $0.43 in pre-market trading after declining 6% on Friday.</li>
<li>Elevai Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) fell 13.9% to $0.0173 in pre-market trading. Elevai Labs implemented a 1-for-200 reverse stock split to retain Nasdaq listing, reducing shares to 3.07 million.</li>
<li>Gold Resource Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GORO#NYSE">GORO</a>) shares fell 13.1% to $0.1368 in pre-market trading after gaining 6% on Friday.</li>
<li>Digital Brands Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) dipped 12.4% to $0.1063 in pre-market trading after falling over 4% on Friday.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) shares dipped 6.9% to $22.15 in pre-market trading. ZIM Integrated Shipping Services, last week, reported better-than-expected third-quarter financial results and raised its FY24 adjusted EBIT and EBITDA guidance.</li>
<li>ChromaDex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXC#NASDAQ">CDXC</a>) fell 5.9% to $7.00 in pre-market trading.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) fell 4.3% to $6.90 in today's pre-market trading after jumping around 25% on Friday. Kingsoft Cloud, last week, reported a fiscal third-quarter 2024 revenue of 1.89 billion Chinese yuan ($268.7 million), up by 16.0% year-on-year, beating the analyst consensus estimate of $247.46 million</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42137942/jim-cramer-says-this-stock-is-a-bitcoin-play-and-he-prefers-to-own-bitcoin">Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin</a></li>
</ul>

Allot shares are trading higher after the company reported better-than-expected Q3 financial results.

Management expects a double-digit growth year over year for full year SECaaS revenue and SECaaS ARR.

Guidance

Allot Expects To Remain Around Breakeven On Non-GAAP Operating Profit Basis And To Generate Positive Operating Cash Flow For Q4

Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $(0.03) by 200 percent. This is a 110.71 percent increase over losses of $(0.28) per share from the same period last year. The company reported quarterly sales of $23.23 million which beat the analyst consensus estimate of $22.80 million by 1.91 percent. This is a 2.65 percent increase over sales of $22.64 million the same period last year.

Earnings Beats

Allot Q3 2024 Adj EPS $0.03 Beats $(0.03) Estimate, Sales $23.23M Beat $22.80M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Star Equity Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRR#NASDAQ">STRR</a>) is likely to report quarterly loss at $0.32 per share on revenue of $13.15 million. 
• EuroDry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDRY#NASDAQ">EDRY</a>) is projected to report quarterly loss at $0.23 per share on revenue of $19.14 million. 
• S&amp;W Seed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANW#NASDAQ">SANW</a>) is expected to report quarterly loss at $1.40 per share on revenue of $17.00 million. 
• GDS Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) is likely to report quarterly loss at $0.21 per share on revenue of $415.42 million. 
• Valvoline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVV#NYSE">VVV</a>) is expected to report quarterly earnings at $0.42 per share on revenue of $432.47 million. 
• Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) is likely to report quarterly earnings at $1.17 per share on revenue of $805.43 million. 
• Jacobs Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) is likely to report quarterly earnings at $1.37 per share on revenue of $3.01 billion. 
• Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) is likely to report quarterly loss at $0.14 per share on revenue of $247.64 million. 
• Atour Lifestyle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $264.74 million. 
• MYT Netherlands Parent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYTE#NYSE">MYTE</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $203.93 million. 
• Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) is expected to report quarterly earnings at $2.82 per share on revenue of $19.94 billion. 
• Vipshop Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $2.91 billion. 
• Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $435.98 million. 
• Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is estimated to report quarterly earnings at $0.53 per share on revenue of $167.72 billion. 
• Viking Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) is expected to report quarterly earnings at $0.85 per share on revenue of $1.66 billion. 
• Danimer Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNMR#NYSE">DNMR</a>) is likely to report quarterly loss at $0.20 per share on revenue of $8.57 million. 
• Northern Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $22.50 million. 
• Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is likely to report quarterly earnings at $0.31 per share on revenue of $12.40 million. 
• Futu Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) is expected to report quarterly earnings at $0.97 per share on revenue of $347.63 million. 
• Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $22.80 million. 
• Elbit Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) is likely to report quarterly earnings at $1.86 per share on revenue of $1.61 billion. 
• XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) is estimated to report quarterly loss at $0.27 per share on revenue of $1.38 billion. 
• Amer Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $1.30 billion. 
• Medtronic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) is projected to report quarterly earnings at $1.25 per share on revenue of $8.27 billion. 
• Oaktree Specialty Lending (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCSL#NASDAQ">OCSL</a>) is estimated to report quarterly earnings at $0.56 per share on revenue of $96.90 million. 
<h3>Companies Reporting After The Bell</h3>
• Workhorse Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) is projected to report quarterly loss at $0.82 per share on revenue of $4.68 million. 
• XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $772.20 million. 
• AZEK Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZEK#NYSE">AZEK</a>) is likely to report quarterly earnings at $0.27 per share on revenue of $339.99 million. 
• Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) is estimated to report earnings for its third quarter. 
• Sociedad Quimica Y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $1.09 billion. 
• StoneX Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNEX#NASDAQ">SNEX</a>) is estimated to report quarterly earnings at $2.05 per share on revenue of $462.98 million. 
• Kore Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KORE#NYSE">KORE</a>) is estimated to report quarterly loss at $0.63 per share on revenue of $67.90 million. 
• ReNew Energy Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNW#NASDAQ">RNW</a>) is expected to report quarterly earnings at $0.12 per share on revenue of $313.59 million. 
• Qifu Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) is likely to report quarterly earnings at $1.42 per share on revenue of $588.49 million. 
• Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) is expected to report quarterly earnings at $0.99 per share on revenue of $305.05 million. 
• Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) is likely to report quarterly earnings at $3.55 per share on revenue of $286.49 million. 
• La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $505.98 million. 
• Auna (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUNA#NYSE">AUNA</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $297.67 million. 
• Varex Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VREX#NASDAQ">VREX</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $200.54 million. 
• Keysight Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) is likely to report quarterly earnings at $1.57 per share on revenue of $1.26 billion. 
• ZTO Express (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) is estimated to report quarterly earnings at $0.41 per share on revenue of $1.48 billion. 
• Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $307.94 million. 
• Golub Capital BDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBDC#NASDAQ">GBDC</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $234.39 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATAT

AUNA

AZEK

DNMR

EDRY

ELTK

ESLT

FUTU

GBDC

KEYS

KORE

MYTE

NTIC

OCSL

POWL

QFIN

RIME

SANW

SBLK

SNEX

STRR

VIPS

VREX

WKHS

XPEV

Earnings Scheduled For November 19, 2024

Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-11-19. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Allot will report an earnings per share (EPS) of $-0.03.
Anticipation surrounds Allot's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Past Earnings Performance</h3>
In the previous earnings release, the company beat EPS by $0.02, leading to a 0.91% drop in the share price the following trading session.
Here's a look at Allot's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.04</td>
<td>-0.11</td>
<td>-0.16</td>
<td>-0.27</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.02</td>
<td>-0.03</td>
<td>-0.43</td>
<td>-0.28</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>-3.0%</td>
<td>5.0%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731945659_0.png" alt="eps graph" />
<h3>Market Performance of Allot's Stock</h3>
Shares of Allot were trading at $3.49 as of November 15. Over the last 52-week period, shares are up 162.5%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ALLT/earnings">To track all earnings releases for Allot visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Allot

Allot Announced That Vodafone UK Has Recently Launched Secure Net Home, Extending Network-native, Next-Generation Threat Protection And Content Control Services To Their Fixed Broadband Customers Using Allot's HomeSecure Solution

For the second half of 2024, management expects non-GAAP operating profit at around breakeven and the net cash position to not decrease.
Full year SECaaS revenue and SECaaS ARR&#x2A; are expected to continue experiencing accelerated growth at around 50% year-over-year.

Allot Ltd Expects Adj Operating Profit Breakeven In Second Half Of 2024

Earnings Misses

Allot Q2 2024 Adj. EPS $(0.02) Beats $(0.04) Estimate, Sales $22.164M Miss $22.300M Estimate

Northland Capital Markets analyst Nehal Chokshi upgrades Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) from Market Perform to Outperform and raises the price target from $2.25 to $13.

Upgrades

Price Target

Analyst Ratings

Northland Capital Markets Upgrades Allot to Outperform, Raises Price Target to $13

Allot shares are trading lower after the company reported Q1 results, reiterated FY24 guidance and named new CFO.

Financial&nbsp;Outlook
For the full year 2024, management reiterates that it expects:
<ul>
<li>Non-GAAP operating profit and net cash flow&nbsp;breakeven;</li>
<li>Continued yearly double-digit growth of&nbsp;SECaaS revenues and ARR;</li>
</ul>

Allot Reiterated Adj Operating Profit and Net Cash Flow Breakeven in FY24, Continued Yearly Double-Digit Growth of SECaaS Revenues and ARR

Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.11) by 72.73 percent. The company reported quarterly sales of $21.890 million which beat the analyst consensus estimate of $19.100 million by 14.61 percent. This is a 3.62 percent increase over sales of $21.126 million the same period last year.

Allot Q1 2024 Adj EPS $(0.03) Beats $(0.11) Estimate, Sales $21.890M Beat $19.100M Estimate

<a href="https://www.globenewswire.com/Tracker?data=NNv28VSj8UXdpCxesowGM6S0vI_9qu5hAMHy6NNPQFvUrJzaiU8UsrNp0K-65zT6sO1ZzywmoLgIHAF_-WCYgA==" target="_blank">Allot Ltd.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>, TASE: ALLT)))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced the appointment of Mrs. Liat Nahum as the new Chief Financial Officer of the Company. Nahum, who will join Allot on July 1st, 2024, brings with her significant financial and international management experience from leadership roles at publicly listed technology companies.
&quot;I am happy to welcome Liat to our executive team. She will partner with me to usher in a new chapter for Allot, with the goal of driving renewed business success. Liat brings more than twenty years of experience, great talent, and finance and business leadership at top tier hi-tech companies. I am confident that she will significantly contribute to our finance and business strategy,&quot; said Eyal Harari, Chief Executive Officer of Allot.
&quot;This is an exciting time to be joining Allot,&quot; said Liat Nahum, Allot&#39;s incoming CFO.&nbsp;&quot;I look forward to joining the leadership team, contributing the knowledge and perspective I have gained from my extensive industry experience, and playing an active role in the success of the organization.&quot;
Prior to joining Allot, Nahum served for more than 20 years in a wide range of financial leadership roles, most recently as a Strategic Business Executive and Director of Finance at Amdocs Ltd., a public NASDAQ listed,&nbsp;<a href="https://www.globenewswire.com/Tracker?data=LP8kg2Xvs3xA2o2hYmG4STdXoRI80Gm5e2GchrYqKGCEy4c7mLDWRpcGBmHraviSEC3Za0u_3ACcB_3HPc5ldXXQm4xC4kXsRikEywIc2-9OC1hN0JCihHFNLeT_yZy4" target="_blank">multinational</a>&nbsp;<a href="https://www.globenewswire.com/Tracker?data=YNg_5Ko48MrTeNXKZQg4WJkzvp_uoICkcmkiSwEP78-7edzQtnJoZB3Tf4Uyj88HBpbjPEHemThYcYhRRkrg6QRhTg4U-4UELZCFpRFw2olKm20pbdxU5rQYZrfmrhDl" target="_blank">telecommunications</a>&nbsp;technology company that specializes in software and services for communications, media and financial services providers and digital enterprises. Previously, she served as VP of Finance at Taboola Inc, a public NASDAQ listed, advertising technology company that provides content recommendation sponsored links to advertising partners.&nbsp;

Management

Allot Taps Liat Nahum of Amdocs Ltd as CFO, Effective July 1

&nbsp;<a href="https://www.globenewswire.com/Tracker?data=E6KpMdKS-SjxgPFVOm8Sze9k8OnAmBXTrj9AsdAkvb3jx62-RjsIN-WLPe4aF4MtcG3XGltrqGUQiSicLvE3FA==" target="_blank">Allot Ltd.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>, TASE: ALLT)))), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced the appointment of Eyal Harari as its Chief Executive Officer effective May 6, 2024. &nbsp;He will be replacing Mr.&nbsp;Erez Antebi. &nbsp;At the request of the company&#39;s Board of Directors, Mr. Antebi&nbsp;has agreed to assist&nbsp;Mr. Harari&nbsp;during a transition period and thereafter, to continue to provide consulting services to the company.

Allot Taps Eyal Harari of Radcom Ltd as CEO, Effective May 6, 2024, Replacing Erez Antebi

Spotify (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to loss of $1.24 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this music-streaming service operator would post a loss of $0.08 per share when it actually produced a loss of $0.39, delivering a surprise of -387.50%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Spotify, which belongs to the Zacks Technology Services industry, posted revenues of $3.95 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 2.05%. This compares to year-ago revenues of $3.26 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Spotify shares have added about 44.9% since the beginning of the year versus the S&amp;P 500&#39;s gain of 5.1%.
What&#39;s Next for Spotify?
While Spotify has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Spotify: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.75 on $4.02 billion in revenues for the coming quarter and $3.50 on $16.56 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Allot Communications (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allt#NASDAQ">ALLT</a>), is yet to report results for the quarter ended March 2024.
This internet protocol services company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +52.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Allot Communications&#39; revenues are expected to be $19.1 million, down 9.6% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2259779/spotify-spot-surpasses-q1-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2259779">To read this article on Zacks.com click here.</a>

Marketbeat&#39;s numerous tools for investors include screens and analyses of fundamental and technical factors. The tool we&#39;re looking at today is a technical screen for golden crosses. A golden cross is when a shorter-term EMA, such as a 30-day or 50-day average, crosses above a longer-term EMA. Longer-term EMAs could run from 100 to 300 days, but the crossover is what matters.&nbsp;
<img alt="diseno_sin_titulo_7.png" src="https://www.benzinga.com/files/u1593113/diseno_sin_titulo_7.png" style="height:720px; width:1200px" />
Technical analysis assumes the shorter EMA represents activity by short-term oriented traders and the more extended activity by long-term oriented traders; when the short crosses over the long, it signals a convergence of markets that can lead to accelerated share price action. A convergence of markets is when one or more technical factors signal a buy, suggesting a high degree of commitment from the market. The higher the degree of commitment, the higher the price action can move.&nbsp;
<h2>Allot Communications, Ltd Is Pivoting Back to Growth</h2>
Allot, Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allt#NASDAQ">ALLT</a>) is a technology company focused on network security for enterprises and ISPs. Its stock price has fallen significantly over the last year as business contracted and analysts cut their price targets. The takeaway today is that a Golden Cross of the 30-day and 150-day EMA signals a bottom, and there is a high probability that the stock will enter a complete reversal within the next 12 months.&nbsp;
The bottom and Golden Cross aligned with recent results, which were better than expected and provided favorable guidance. The guidance isn&#39;t robust but expects flat revenue and break-even conditions in 2024, and analysts are forecasting a return to growth by year-end. Marketbeat.com tracks three analysts with reports on Allot; they rate the stock as Moderate Buy and view it as undervalued, trading below the low end of their target range.
<img alt="ALLT stock chart " class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240409095456_chart-allt-492024ver001.png" style="height:451px; width:914px" />
<h2>Datasea Inc. is Growing at a Hyper-Pace</h2>
Datasea (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dtss#NASDAQ">DTSS</a>) is a smaller 5G operator in China providing services to mobile operators, smart cities, and enterprise security. Its Golden Cross is driven by two recent news events that support the outlook for quadruple-digit growth and the potential for outperformance. The latest news was released in early March and helped confirm the technical price action.&nbsp;
The company is guiding for 1100% revenue growth this year, and the market expects growth to continue in the next fiscal year. No analysts have rated this stock, but the institutional activity is noteworthy. Institutions, including insiders and large shareholders, own more than 80% of the stock and have been buying it recently.&nbsp;
<img alt="DTSS stock chart " class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240409095509_chart-dtss-492024ver001.png" style="height:451px; width:914px" />
<h2>GSI Technology: An AI-Powered Golden Crossover</h2>
GSI Technology (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gsit#NASDAQ">GSIT</a>) is a niche semiconductor manufacturer focused on memory solutions and computer vision applications for industrial, enterprise, and government use. The company&#39;s offerings are in demand, fueling growth with a chance for hypergrowth over the next few years. A recent announcement drove the Golden Cross. The company is entering a sale-leaseback arrangement for its Sunnyvale property, which will raise $11.85 million in capital. The capital raise will help the company sustain operations as it works to launch its Gemini-II product and maintain a fortress balance sheet. The company has no debt.
<img alt="GSIT stock chart " class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240409095521_chart-gsit-492024ver001.png" style="height:451px; width:914px" />
<h2>IAC Is Turning a Corner&nbsp;</h2>
IAC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iac#NASDAQ">IAC</a>) is an omnichannel media giant with brands like Ask.com and Angi (formerly Angie&#39;s List) in its portfolio. The stock recently fired a Golden Cross in tandem with Q4 results, which were weaker than expected but pointed to a shift in business. The company intends to return to growth and profitability this year and to produce a full year of profits in 2025. Analysts like the stock and have it ranked on Marketbeat&#39;s list of Top Rated Stocks. They have it pegged at Moderate Buy and view it as a deep value, trading below the low end of their target range.&nbsp;
<img alt="" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240409095533_chart-iac-492024ver001.png" style="height:451px; width:914px" />
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/4-golden-crosses-with-double-digit-upside-ahead/">4 Golden Crosses With Double-Digit Upside Ahead</a>&quot; first appeared on MarketBeat.

Commodities

Tech

DTSS

GSIT

4 Golden Crosses With Double-Digit Upside Ahead

Press Releases

Allot to Release Third Quarter 2024 Earnings and Host Conference Call on November 19, 2024

Portugal's MEO to Deploy Allot HomeSecure for Their Fixed Broadband Customers in Addition to Existing Mobile Cybersecurity Services Based on Allot NetworkSecure

Vodafone UK Launches Cyber Protection Services for Fixed Broadband Subscribers Powered by Allot Secure

Allot Announces Third Quarter 2024 Financial Results

Allot Announces its New Service Gateway Tera III for Top Tier Telecom Operators

Asahi Net is the First to Adopt the Allot SG-Tera III Multiservice Platform

Allot to Present at the Needham Growth Conference on January 15, 2025

O2 Czech Republic Launches Allot Solution to Offer Consumer Cybersecurity Services

Allot to Release Fourth Quarter & Full Year 2024 Results  and Host Conference Call on February 25, 2025

Comments

Allot

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga