olivLaw · US equity research
Allot Ltd. ALLT
Computer Communications Equipment · SIC 3576 · Vertical: Computer Communications Equipment (SIC 3576)
Allot Ltd. develops network intelligence and security solutions for communications service providers and enterprises, helping them protect and monetise the digital experience. The company is shifting its focus toward security delivered as a service, a recurring revenue line that grew in 2025 but more slowly than it had anticipated, while revenues in 2025 were driven by the mobile and fixed markets.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Allot Ltd. (ALLT) stock was 8.66 USD (+4.72% on the day), with market capitalisation 421.3 m USD, P/E 108.3 on diluted EPS of 0.08 USD over the last 12 months, beta 1.71, 52-week range 6.25–11.50 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 50.5
- neutral
- Bollinger (20, 2)
- 8.14 – 9.44
- in the lower half of the band · %B 0.40 · band width 14.8%
- SMA 50 / 200
- 8.34 / 8.01
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.06 / 0.15
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +3.0% | −1.1% | +4.1 pp | — |
| 3 months | +10.0% | −0.5% | +10.5 pp | — |
| 6 months | +11.6% | +4.4% | +7.2 pp | — |
| Year to date | −11.9% | +12.3% | −24.2 pp | — |
| 1 year | −3.3% | +13.5% | −16.9 pp | +10.4% |
| 3 years | +441.2% | +76.4% | +364.8 pp | +48.3% |
| 5 years | −43.8% | +63.7% | −107.5 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 1-quarter history (min 122.9, median 122.9, max 122.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 95.8 m | 110.1 m | 135.9 m | 145.6 m | 122.7 m | 93.2 m | 92.2 m | 102.0 m |
| Revenue YoY | +16.9% | +14.9% | +23.5% | +7.1% | −15.7% | −24.1% | −1.0% | +10.6% |
| Net income | -10.4 m | -8.7 m | -9.3 m | -15.0 m | -32.0 m | -62.8 m | -5.9 m | 3.7 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | -0.27 | -0.42 | -0.87 | -1.66 | -0.15 | 0.08 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -10.9% | -7.9% | -6.9% | -10.3% | -26.1% | -67.4% | -6.4% | 3.6% |
| Free cash flow | -2.5 m | 12.4 m | -19.8 m | -16.0 m | -38.2 m | -32.2 m | 2.7 m | 15.5 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 17.1 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 113.4 m USD
- Total assets
- 172.7 m USD
- Debt / equity
- unavailable
- Current ratio
- 2.65x
- ROE
- 4.5%
- ROA
- 2.4%
- FCF margin
- 15.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 135.9 m | 145.6 m | 122.7 m | 93.2 m | 92.2 m | 102.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Cost of revenue | 40.1 m | 44.6 m | 39.8 m | 40.5 m | 28.5 m | 29.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Gross profit | 95.8 m | 101.0 m | 82.9 m | 52.7 m | 63.7 m | 72.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Operating income | -9.0 m | -13.5 m | -32.3 m | -64.9 m | -6.0 m | 3.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Depreciation & amortisation | 4.3 m | 5.6 m | 7.4 m | 8.3 m | 6.4 m | 4.0 m | SEC (XBRL)· 26 Mar 2026verified |
| EBITDA | -4.7 m ≈ | -8.0 m ≈ | -24.9 m ≈ | -56.6 m ≈ | 410.0 k ≈ | 7.7 m ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Pre-tax income | -7.2 m | -13.2 m | -30.1 m | -61.7 m | -4.1 m | 4.9 m | SEC (XBRL)· 26 Mar 2026verified |
| Income tax | 2.2 m | 1.9 m | 1.9 m | 1.1 m | 1.8 m | 1.2 m | SEC (XBRL)· 26 Mar 2026verified |
| Net income | -9.3 m | -15.0 m | -32.0 m | -62.8 m | -5.9 m | 3.7 m | SEC (XBRL)· 26 Mar 2026verified |
| Diluted EPS | -0.27 | -0.42 | -0.87 | -1.66 | -0.15 | 0.08 | SEC (XBRL)· 26 Mar 2026verified |
| Weighted average diluted shares | 35.0 m | 36.1 m | 37.0 m | 37.9 m | 38.9 m | 46.2 m | SEC (XBRL)· 26 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 23.6 m | 11.7 m | 12.3 m | 14.2 m | 16.1 m | 17.1 m | SEC (XBRL)· 26 Mar 2026verified |
| Inventories | 12.6 m | 11.1 m | 13.3 m | 11.9 m | 8.6 m | 13.2 m | SEC (XBRL)· 26 Mar 2026verified |
| Current assets | 146.7 m | 135.9 m | 151.8 m | 89.9 m | 90.2 m | 125.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Property, plant & equipment, net | 12.0 m | 15.0 m | 14.2 m | 11.2 m | 7.7 m | 6.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Goodwill | 31.7 m | 31.7 m | 31.8 m | 31.8 m | 31.8 m | 31.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Intangibles (excl. goodwill) | 2.7 m | 3.5 m | 3.5 m | 915.0 k | 305.0 k | 0 | SEC (XBRL)· 26 Mar 2026verified |
| Total assets | 201.6 m | 203.4 m | 213.0 m | 138.2 m | 139.6 m | 172.7 m | SEC (XBRL)· 26 Mar 2026verified |
| Current liabilities | 58.9 m | 55.1 m | 60.6 m | 39.4 m | 36.0 m | 47.2 m | SEC (XBRL)· 26 Mar 2026verified |
| Equity | 130.2 m † | 126.0 m † | 102.0 m † | 49.8 m † | 49.8 m † | 113.4 m † | SEC (XBRL)· 26 Mar 2026verified |
| Shares outstanding at year end | 35.4 m | 36.5 m | 37.4 m | 38.4 m | 39.5 m | 48.6 m | SEC (XBRL)· 26 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -12.2 m | -8.4 m | -32.6 m | -29.7 m | 4.8 m | 17.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Capex | 7.6 m | 7.6 m | 5.6 m | 2.5 m | 2.1 m | 2.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Free cash flow | -19.8 m ≈ | -16.0 m ≈ | -38.2 m ≈ | -32.2 m ≈ | 2.7 m ≈ | 15.5 m ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Investing cash flow | 17.1 m | -6.3 m | -6.5 m | 31.6 m | -2.9 m | -28.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Financing cash flow | 1.8 m | 2.8 m | 39.7 m | 0 | 1.0 k | 11.1 m | SEC (XBRL)· 26 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 421.3 m USD
Key indicators
Coverage and freshness
Score by group
72% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 71.1% | 78 (on a fixed band) | 15% |
| EBIT margin · Quality | 3.5% | 53 (vs peers) | 12% |
| FCF margin · Quality | 15.2% | 61 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | -6.0% | 0 (on a fixed band) | 24% |
| Revenue growth (YoY) · Growth | 10.6% | 47 (vs peers) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 2.7x | 100 (on a fixed band) | 9% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 3.7% | 74 (on a fixed band) | 18% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth16/100 · 2/2 factors with a value
- Quality65/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partial74/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ALLOT LTD. (ALLT). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 102.0 m USD in 2025; YoY growth 10.6%; net margin 3.6%; ROE 4.5%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Gross margin: 71.1%
- Current ratio: 2.7x
- FCF yield: 3.7%
What contradicts it
- Revenue CAGR 3Y: -6.0%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).
Versus the vertical median
Computer Communications Equipment (SIC 3576) · same industry (4-digit SIC) · compared with 15 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CSCOCisco Systems, Inc. | 408.5 bn | 31.1 | 27.3% | 21.0% | +11.8% | +35% / +114% |
| ANETArista Networks, Inc. | 225.5 bn | 48.0 | 33.5% | 40.0% | +28.6% | +37% / +225% |
| FFIVF5, Inc. | 18.7 bn | 26.3 | 19.8% | 22.0% | +9.7% | +38% / +93% |
| EXTRExtreme Networks, Inc. | 3.0 bn | 58.0 | 67.1% | 4.0% | +12.6% | +31% / +42% |
| DGIIDigi International Inc. | 2.8 bn | 57.5 | 7.5% | 9.6% | +1.5% | +74% / +208% |
| ATENA10 Networks, Inc. | 1.7 bn | 40.0 | 19.4% | 13.9% | +11.0% | +38% / +91% |
| NTGRNETGEAR, Inc. | 586.0 m | — | -7.0% | -4.9% | +3.8% | −16% / +64% |
| ALLTAllot Ltd. | 421.3 m | 108.3 | 4.5% | 3.6% | +10.6% | −3% / +441% |
| LTRXLantronix, Inc. | 263.9 m | — | -4.3% | -3.5% | −1.6% | +10% / 0% |
| SILCSilicom Ltd. | 181.2 m | — | -9.4% | -18.5% | +6.6% | +112% / +95% |
| BOSCBos Better Online Solutions Ltd | 29.8 m | 7.4 | 14.4% | 7.1% | +26.6% | −9% / +48% |
| FOXXFoxx Development Holdings Inc. | 13.3 m | — | — | -100.2% | −20.2% | −58% / −83% |
| INTZIntrusion Inc. | 11.9 m | — | -140.9% | -194.0% | +21.6% | −66% / −93% |
| WLDSWearable Devices Ltd. | 4.2 m | — | -72.3% | -1,253.0% | +23.9% | −92% / −100% |
| HUBCHUB Cyber Security Ltd. | 3.4 m | — | — | -134.5% | −30.7% | −100% / −100% |
| CIITTianci International, Inc. | 2.0 m | — | -55.0% | -16.7% | +53.4% | −93% / −96% |
1- and 3-year price returns: for ALLT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 4.41 Total return -49% · Per year -49% | 7.83 Total return -10% · Per year -10% | 11.85 Total return 37% · Per year 37% |
| 3 years | 3.50 Total return -60% · Per year -26% | 7.07 Total return -18% · Per year -7% | 11.85 Total return 37% · Per year 11% |
| 5 years | 2.78 Total return -68% · Per year -20% | 6.38 Total return -26% · Per year -6% | 11.85 Total return 37% · Per year 6% |
- Exit P/E± 1.77
- Net margin± 1.24
- Annual revenue growth± 1.12
- Annual dilution± 0.10
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 26 Mar 2026; since then the company filed 6-K (22 Oct 2026), 6-K (15 Sept 2026), 6-K (10 Sept 2026), 6-K (09 Sept 2026), 6-K (12 Aug 2026), 6-K (23 Jun 2026).
In brief
Allot Ltd. develops network intelligence and security solutions for communications service providers and enterprises, helping them protect and monetise the digital experience. The company is shifting its focus toward security delivered as a service, a recurring revenue line that grew in 2025 but more slowly than it had anticipated, while revenues in 2025 were driven by the mobile and fixed markets 1.
SWOT
Strengths
- The company has a diversified range of network intelligence and security solutions sold through direct channels and partners 1.
- Costs have been reduced through efficiency measures, which improved gross margin in 2025 1.
- The company receives research and development grants from Israel and Spain, easing pressure on spending 1.
Weaknesses
- Growth in the SECaaS line has been slower than anticipated, and dependence on recurring contracts remains a challenge 1.
- The company depends on a few large customers, and contracts are based on individual purchase orders with no commitment to future orders 1.
- Revenues are exposed to currency fluctuations because major expenses are denominated in Israeli shekels 1.
Opportunities
- Expanding security as a service could increase recurring revenues if operators adopt these services quickly 1.
- New markets and wider global presence could bring additional customers, especially among large operators 1.
- Rising demand for professional and support services could support maintenance revenues 1.
Risks
- Slow growth of security as a servicehigh
If SECaaS recurring revenue does not grow as planned, the company's long-term growth could be weaker 1.
- Customer concentrationhigh
Losing a large customer could affect results, because relationships operate on a purchase order basis 1.
- Currency riskmedium
Expenses in shekels and revenues in euros could produce losses if exchange rates move unfavourably 1.
- Competition and new entrantsmedium
Competitors with greater resources and new artificial intelligence entrants could reduce market share 1.
- Sanctions and supply chainsmedium
Sanctions linked to the conflict in Ukraine and supply chain disruptions could affect operations and results 1.
Investment thesis
What would need to be true (bull case)
- If security as a service accelerates, recurring revenues could become a larger and more stable part of the business 1.
- Cost efficiency has improved gross margin, which could support profitability if revenues remain stable 1.
- Diversifying customers and sales channels could reduce dependence on a single market segment 1.
What would break the thesis
- If SECaaS growth remains below expectations, the company could struggle to reach its long-term goals 1.
- Competition from larger companies and artificial intelligence entrants could pressure margins and market share 1.
- If a major customer reduces orders, results could be significantly affected, because there are no commitments to future purchases 1.
What to watch
- Development of SECaaS share of total revenues2026
- Gross margin and effect of cost efficiencyQ1 2027
- Effect of exchange rates on shekel-denominated expenses2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 26 Mar 2026; since then the company filed 6-K (22 Oct 2026), 6-K (15 Sept 2026), 6-K (10 Sept 2026), 6-K (09 Sept 2026), 6-K (12 Aug 2026), 6-K (23 Jun 2026).
The business
Allot Ltd. is, according to its 2025 annual report, a provider of innovative network intelligence and security solutions that enable service providers and enterprises to protect and personalise the digital experience. The company sells its products through direct sales and channel partners, including distributors, resellers, OEMs and system integrators, to a diversified customer base of service providers, enterprises, government and law enforcement entities 1. Revenues come from the sale of network traffic management systems, management applications and security solutions, plus maintenance, support and professional services 1. In 2025 the main drivers of revenues were the mobile and fixed markets 1.
The company is incorporated in Israel, reports under U.S. GAAP in U.S. dollars and files its annual report with the SEC as a foreign private issuer 1. Research and development spending is partly financed by grants from the Israel Innovation Authority and the Spain Tax Authority, and its Hod-Hasharon facilities hold Approved Enterprise status 1. Reliance on a few large customers remains a feature of the business: the two largest customers each accounted for 7% of revenues in 2025 1.
Segments
Network traffic management and intelligence
This line covers network traffic management systems and network intelligence platforms sold to service providers to monitor and manage traffic by application, subscriber and device 1. The report shows it has been the core revenue base, although competition from router and switch makers has slowed growth in network intelligence bids from communication service providers 1.
Security-as-a-Service (SECaaS)
The recurring SECaaS offering delivered 26% of revenues in 2025 1. The company emphasises growing this line through Allot Secure, but it is advancing more slowly than anticipated because operators must first be convinced and then their subscribers persuaded to take up security services 1.
Market context
The company operates in intelligent broadband and security markets, where it competes for the largest service providers (Tier 1 operators) and large enterprises 1. Growth in these markets has drawn new entrants, and industry consolidation could produce stronger competitors 1. Results are affected by exchange rates, as part of revenues is earned in euros while major expenses are in Israeli shekels, which appreciated by 14% against the dollar in 2025 1.
Demand depends on investment by operators and enterprises, and longer sales cycles for large service providers make the timing of sales harder to predict 1. Demand could also be affected by tariffs and retaliatory measures, and by sanctions linked to the conflict in Ukraine, which could disrupt supply chains 1.
Trends
- Shift to security as a servicemixed
The recurring SECaaS model could stabilise long-term revenues if operators adopt security services for their subscribers faster 1. So far, growth has been slower than the company anticipated 1.
- Artificial intelligence and new entrantsheadwind
New entrants using advanced artificial intelligence could disrupt certain use cases and customer segments, affecting demand for the company's solutions 1.
- Cost efficiencytailwind
Cost reduction and aligning the cost structure with revenue levels improved gross margin in 2025, which could support profitability if revenues remain stable 1.
- Currency movements and sanctionsheadwind
The appreciation of the shekel and the euro against the dollar can change reported costs and revenues, and sanctions linked to the conflict in Ukraine can disrupt operations and financial markets 1.
Competitive position
The company faces large competitors with much greater financial and sales resources, which have established relationships with operators and distribution channels 1. In deep network inspection, competition comes from router and switch makers that integrate similar functions into their platforms 1.
In security, competitors include established security companies that sell applications directly to end customers, cloud security firms that sell through distribution channels, and companies that bundle security with other products 1. New entrants relying on artificial intelligence could reduce the company's market share 1.
- Established security vendors for end users
Security companies that offer applications installed directly on customers' devices and compete with operator-delivered offerings 1.
- Router and switch manufacturers
Companies that integrate deep network inspection functions into their platforms, addressing some similar issues 1.
- Cloud security companies
Firms offering cloud security products to business enterprises through distribution channels 1.
- New artificial intelligence entrants
New companies using advanced artificial intelligence that could disrupt certain segments 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)22 Oct 2026
- Current report (foreign issuer)15 Sept 2026
- Current report (foreign issuer)10 Sept 2026
- Current report (foreign issuer)09 Sept 2026
- Current report (foreign issuer)12 Aug 2026
- Current report (foreign issuer)23 Jun 2026
- Current report (foreign issuer)15 Jun 2026
- Current report (foreign issuer)12 May 2026
- Annual report (foreign issuer)26 Mar 2026
- Current report (foreign issuer)25 Feb 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Allot Ltd. · 26 Mar 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.