Allot Ltd Expects Adj Operating Profit Breakeven In Second Half Of 2024
Portfolio Pulse from Benzinga Newsdesk
Allot Ltd anticipates reaching a breakeven point in non-GAAP operating profit in the second half of 2024. The company expects its SECaaS revenue and ARR to grow by approximately 50% year-over-year.
August 27, 2024 | 10:17 am
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POSITIVE IMPACT
Allot Ltd projects breakeven non-GAAP operating profit in H2 2024, with significant growth in SECaaS revenue and ARR. This indicates a positive outlook for the company's financial health and market position.
The expectation of breakeven non-GAAP operating profit suggests improved financial management and potential profitability. The 50% growth in SECaaS revenue and ARR indicates strong demand and market expansion, likely boosting investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100