Allot Ltd. launches OffNetSecure for cybersecurity protection outside provider networks, enhancing services for telecom operators.
Quiver AI Summary
Allot Ltd. announced the launch of its new OffNetSecure solution, designed to protect telecom customers from cyberthreats when they access the internet outside of their provider's network. This innovative extension of the Allot Secure platform will be demonstrated at the RSA Conference in San Francisco from April 28 to May 1. OffNetSecure provides seamless cybersecurity for consumers and small to medium-sized businesses, eliminating the need for customers to download or install additional software. It allows telecom providers to create premium plans and enhances their ability to connect with subscribers even when they are connected via guest Wi-Fi networks. According to Allot's VP of Cybersecurity Products, Angel Fernandez, this solution aims to address the increasing risks associated with mobile internet access and offers providers a new revenue stream from a highly adoptable service.
Potential Positives
- Launch of the new OffNetSecure solution enhances Allot's portfolio, providing advanced cybersecurity for telecom providers and their subscribers.
- Demonstrating the solution at the RSA Conference raises visibility and positions Allot as a leader in the cybersecurity space for telecom services.
- The technology addresses a significant market need for protecting customers on external networks, potentially increasing subscriber trust and satisfaction.
- OffNetSecure can create new revenue streams for telecom providers through premium service offerings, driving potential growth for Allot's business partners.
Potential Negatives
- Increased competition may pose a threat to Allot's market position, as the release highlights the existence of other companies offering similar technologies.
- The mention of known and unknown risks in the forward-looking statements could indicate potential financial instability or challenges ahead for the company.
- Potential reliance on third-party channel partners for revenue could expose Allot to operational risks if those partnerships weaken or fail.
FAQ
What is Allot's new OffNetSecure solution?
Allot's OffNetSecure solution protects telecom customers from cyberthreats when using non-provider internet connections, enhancing cybersecurity for mobile users.
When will OffNetSecure be demonstrated?
The Allot OffNetSecure solution will be demonstrated at the RSA Conference in San Francisco from April 28th to May 1st, 2025.
How does OffNetSecure enhance telecom providers' services?
OffNetSecure provides seamless cyber threat protection and helps telecom providers create premium service plans, increasing potential revenue streams.
Is OffNetSecure easy for users to implement?
Yes, OffNetSecure requires no downloading or installation, as it is activated through the provider's existing customer care app on users' devices.
What threats does OffNetSecure protect against?
OffNetSecure protects against various cyber threats, including malware, phishing, and ransomware attacks, ensuring comprehensive user safety.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ALLT Hedge Fund Activity
We have seen 35 institutional investors add shares of $ALLT stock to their portfolio, and 15 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KANEN WEALTH MANAGEMENT LLC added 920,349 shares (+32.7%) to their portfolio in Q1 2025, for an estimated $5,255,192
- RENAISSANCE TECHNOLOGIES LLC added 362,019 shares (+39.1%) to their portfolio in Q4 2024, for an estimated $2,154,013
- ACUITAS INVESTMENTS, LLC removed 303,489 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $1,805,759
- P.A.W. CAPITAL CORP removed 301,000 shares (-18.8%) from their portfolio in Q4 2024, for an estimated $1,790,950
- WALLEYE CAPITAL LLC added 286,434 shares (+inf%) to their portfolio in Q4 2024, for an estimated $1,704,282
- NORTHERN TRUST CORP added 262,828 shares (+725.7%) to their portfolio in Q4 2024, for an estimated $1,563,826
- WORTH VENTURE PARTNERS, LLC removed 231,596 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $1,377,996
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Hod Hasharon, Israel, April 22, 2025 (GLOBE NEWSWIRE) --
Allot Ltd
. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative security-as-a-service (SECaaS) and network intelligence solutions for communication service providers and enterprises, announced today that the company is launching its new OffNetSecure solution and will demo it at the RSA Conference in San Francisco. The new hassle-free solution protects telecom customers against cyberthreats when they are connected to the internet through means other than their provider’s network.
The Allot OffNetSecure solution is an extension of the Allot Secure cybersecurity platform for telecom operators. It provides seamless cyber threat protection for consumer and SMB telecom subscribers when they are not connected to the provider’s network, for example, when connected as a guest to a Wi-Fi network. This type of connectivity also gives the service provider an additional branded channel for staying in touch with the subscriber which, until now, has been a ‘blind spot’ for the provider. As an extension of Allot Secure, OffNetSecure contributes to the 360-degree solution that offers protection against malware, phishing and ransomware attacks.
“Mobile internet access has never been so risky with cyber threats lurking behind any potential tap on the glass. The OffNetSecure solution from Allot completes the circle of protection provided by the unified Allot Secure suite and offers telecom providers a new revenue stream from a service with high adoption rates,” said Angel Fernandez, VP Cybersecurity Products for Allot.
The Allot OffNetSecure solution is implemented on the end customer’s Android smartphones and tablets, Apple iPhones and iPads and is activated as a part of the provider’s branded customer care or other app that is already running on the customer’s device. Unlike endpoint protection clients, Allot OffNetSecure requires no downloading, no installation and no updating by the end customer. Allot OffNetSecure can increase the telecom provider’s revenue by enabling them to create premium plans and offer unified provisioning, policies, configurations and reporting with other Allot Secure products.
You can see the OffNetSecure product demo and talk to Allot product experts at the RSA Conference, April 28
th
through May 1
st
at booth #5281.
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Additional Resources:
Allot Blog:
https://www.allot.com/blog
Telco CyberTalk Podcast:
https://www.allot.com/resources/podcasts
Follow us on Twitter:
@allot_ltd
Follow us on LinkedIn:
https://www.linkedin.com/company/allot-communications
About Allot
Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of leading innovative converged cybersecurity solutions and network intelligence for service providers and enterprises worldwide, enhancing value to their customers. Our solutions are deployed globally for network-native cybersecurity services, network and application analytics, traffic control and shaping, and more. Allot’s multi-service platforms are deployed by over 500 mobile, fixed and cloud service providers and over 1000 enterprises. Our industry-leading network-native security-as-a-service solution is already used by many millions of subscribers globally.
Allot. See. Control. Secure.
Forward-Looking Statement
This release contains forward-looking statements, which express the current beliefs and expectations of Company management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied in such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our accounts receivables, including our ability to collect outstanding accounts and assess their collectability on a quarterly basis; our ability to meet expectations with respect to our financial guidance and outlook; our ability to compete successfully with other companies offering competing technologies; the loss of one or more significant customers; consolidation of, and strategic alliances by, our competitors; government regulation; the timing of completion of key project milestones which impact the timing of our revenue recognition; lower demand for key value-added services; our ability to keep pace with advances in technology and to add new features and value-added services; managing lengthy sales cycles; operational risks associated with large projects; our dependence on fourth party channel partners for a material portion of our revenues; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
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