Allot Reiterated Adj Operating Profit and Net Cash Flow Breakeven in FY24, Continued Yearly Double-Digit Growth of SECaaS Revenues and ARR
Portfolio Pulse from Benzinga Newsdesk
Allot has reiterated its financial outlook for FY24, expecting non-GAAP operating profit and net cash flow breakeven, along with continued yearly double-digit growth in SECaaS revenues and ARR.
May 29, 2024 | 9:03 am
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Allot has reiterated its financial outlook for FY24, expecting non-GAAP operating profit and net cash flow breakeven, along with continued yearly double-digit growth in SECaaS revenues and ARR.
The reiteration of financial targets and expected growth in SECaaS revenues and ARR is a positive signal for investors, likely boosting short-term stock price.
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