Allot Ltd Expects 2024 Adj Operating Profit and Free Cash Flow Breakeven, Continued Double-Digit Growth of SECaaS Revenues and ARR
Portfolio Pulse from Benzinga Newsdesk
Allot Ltd projects a non-GAAP operating profit and free cash flow breakeven for the full year of 2024, alongside continued double-digit growth in SECaaS revenues and ARR.
February 15, 2024 | 10:03 am
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POSITIVE IMPACT
Allot Ltd anticipates achieving non-GAAP operating profit and free cash flow breakeven in 2024, with continued double-digit growth in SECaaS revenues and ARR.
The positive outlook for 2024, including achieving breakeven in non-GAAP operating profit and free cash flow, combined with the expectation of continued double-digit growth in SECaaS revenues and ARR, is likely to be viewed positively by investors. This suggests a strong future financial performance and growth trajectory for Allot Ltd, potentially leading to an increase in investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100