Recent Updates — ALLT
Allot Ltd. filed a Form 6-K announcing its 2026 Annual General Meeting of Shareholders scheduled for October 22, 2026. The company is seeking shareholder approval to declassify its board of directors by eliminating the existing three-class structure and implementing annual director elections effective immediately upon approval. Additionally, shareholders are voting on the reelection of David Reis as Chairman and Class II director, and Raffi Kesten as a Class II director. The filing also proposes amendments to the compensation policy for officers and directors, including changes to equity vesting schedules and cash retainers, alongside the reappointment of Kost Forer Gabbay & Kasierer as the independent registered public accounting firm for fiscal year 2026. Allot Ltd. operates in the telecommunications industry, providing network security and traffic management solutions.
Allot Ltd. reported financial results for the six months ended June 30, 2026, showing total revenues of $54.2 million, a 14.8% increase from $47.2 million in the prior year period. Service revenue grew 20.5% to $40.0 million, driven by Security-as-a-Service expansion, while product revenue remained flat at $14.2 million. The company achieved operating income of $2.6 million compared to a loss of $(1.1) million previously, resulting in net income of $4.5 million versus a net loss of $(2.0) million. Gross margin improved to 71.2% from 70.8%. Additionally, the Board authorized a share repurchase program for up to $40 million of ordinary shares. Allot Ltd. develops and markets network intelligence and security solutions for service providers and enterprises.
Allot Ltd. reported second quarter 2026 revenue of $27.7 million, a 15% increase year-over-year, driven by Security-as-a-Service (SECaaS) revenues of $9.4 million, up 47%. The company raised its full-year 2026 revenue guidance to $115–$118 million and reported GAAP net income of $2.6 million compared to a loss in the prior year period. On June 23, 2026, the Board approved a share repurchase program of up to $40 million. Allot Ltd. is a provider of cybersecurity solutions and network intelligence offerings for communications service providers and enterprises.
On June 23, 2026, Allot Ltd. announced a share repurchase program for up to $40 million of its ordinary shares. The company may execute these buybacks through open market transactions, privately negotiated deals, or trading plans qualifying under Rule 10b5-1. Allot retains the discretion to suspend, modify, or discontinue the program at any time without notice. Allot Ltd. provides network security solutions for service providers.
Ms. Cynthia L. Paul resigned from the Board of Directors of Allot Ltd. on June 15, 2026, citing her other business responsibilities. The resignation was not due to any disagreement with the company's operations, policies, or management. Allot Ltd. operates in the technology sector, providing network intelligence and network security solutions.