William Blair analyst Jonathan Ho initiated coverage of Allot Ltd. (ALLT) with an Outperform rating and no price target The firm views Allot as a “disruptive play” with a large market opportunity. The worldwide total addressable market for consumer and small business cybersecurity services delivered through communications service providers is at least $5B, the analyst tells investors in a research note. Blair believes the company has created a “win-win value proposition” in the space.
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