Analyst Matthew Calitri of Needham maintained a Buy rating on Allot, retaining the price target of $12.50.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Matthew Calitri has given his Buy rating due to a combination of factors including Allot’s impressive performance in the recent quarter. The company reported significant year-over-year growth in SECaaS ARR and SECaaS Revenue, with increases of 60.5% and 55.3%, respectively. Although the SECaaS Revenue of $7.3 million was slightly below expectations, Allot’s growing engagement with CSPs, Telcos, and their end-customers is a positive indicator.
Furthermore, Allot’s management has raised their guidance for CY25 SECaaS ARR growth to over 60%, reflecting their confidence in continued momentum. Product Revenue has also exceeded expectations, and the company anticipates further growth in Network Intelligence, driven by demand for their unified platform supported by Tera III. With increased visibility, a strong backlog, and a broad pipeline, management is optimistic about the future, supporting the Buy rating based on steady execution.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $13.00 price target.