India, Feb. 25 -- Shares of Allot Ltd. (ALLT) were gaining around 13 percent in the pre-market activity on the Nasdaq after the provider of network intelligence and security solutions reported Tuesday a profit in its fourth quarter, compared to prior year's loss, with growth in revenues.
Separately, Allot announced that it is partnering with telecom major Verizon Communications Inc. (VZ) for expansion of cybersecurity capabilities.
Regarding the outlook, Eyal Harari, CEO of Allot, said, "Looking ahead to 2025, we remain focused on advancing our strategy and executing on another year of double-digit SECaaS revenue and ARR growth, and improved profitability."
Allot announced that its NetworkSecure offering is helping support the expansion ...