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Allot Ltd. (ALLT) Delivers Robust Revenue Growth amid Cybersecurity-First Strategy

Allot Ltd (NASDAQ:ALLT) is one of the best cybersecurity stocks to buy under $50. Allot Ltd (NASDAQ:ALLT) commands a strong Buy consensus rating based on 4 Wall Street analyst ratings, all Buy. The analysts maintain an average price target of $13.50, implying 42.71% upside potential from current levels.

On November 25, Needham analyst Mathew Calibri reiterated a Buy rating and a $12.50 price target. The positive stance comes on the company’s chief executive officer, Eyal Harari, reiterating they are making significant progress in advancing a cybersecurity-first strategy. That was evident in the company’s 14% year-over-year revenue growth. It also generated the highest profitability in over a decade.

Consequently, the company posted a 14% year-over-year increase in revenue in the third quarter, totaling $26.4 million. GAAP operating income came in at $2.2 million compared to $0.2 million in the third quarter of 2024. Likewise, net income more than tripled to $4.6 million or $0.1 a share compared to $1.3 million or $0.03 a share delivered the same quarter last year.

“Given the continued accelerated SECaaS growth, our solid visibility, and high level of backlog, we expect that our SECaaS ARR year-over-year growth will surpass 60%. We are raising our full-year 2025 revenue guidance to between $100-103 million,” Eyal Harari, CEO of Allot, commented.

Allot Ltd. (NASDAQ:ALLT) provides network intelligence and security solutions for service providers and enterprises, using network data to make networks smarter and users more secure. Its products and services focus on network and application analytics, traffic control, and network-based security, including DDoS protection and IoT security.

While we acknowledge the potential of ALLT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ALLT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: Top 10 Materials Stocks to Buy According to Analysts and 10 Best Organic Food and Farming Stocks to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.

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