Allot (ALLT) has released an update.
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Allot Ltd. reported its first non-GAAP operating profit in three years, with third-quarter revenues reaching $23.2 million, marking a 3% year-over-year increase. The company’s Security as a Service division showed impressive growth, with revenues rising 69% from the previous year. Additionally, Allot achieved positive operating cash flow, reflecting a strengthening financial position.
For further insights into ALLT stock, check out TipRanks’ Stock Analysis page.
