ALLOT LTD Reports Q3 FY2023 Earnings on November 16th
November 28, 2023
🌥️Earnings Overview
On November 16, 2023, ALLOT LTD ($NASDAQ:ALLT) reported their earnings results for the third quarter of FY2023 (ending September 30, 2023). Total revenue for the quarter was USD 22.6 million, a drop of 9.6% compared to the same quarter last year. Net income reported was -12.4 million, a slight improvement from the -12.9 million loss in the prior year quarter.
Price History
On Thursday, November 16th, ALLOT LTD reported its earnings for the third quarter of FY2023. Upon the announcement, stock prices for the company opened at $1.5 and closed at $1.4, marking a 16.0% plunge from the previous closing price of 1.7. This significant loss was likely due to the fact that ALLOT LTD’s Q3 FY2023 sales failed to match up to expectations.
Additionally, their expenses were higher than anticipated, which further caused a decrease in share value. Analysts have noted that although ALLOT LTD’s sales in Q3 were lower than expected, costs had decreased significantly due to cost-cutting strategies implemented earlier this year. Unfortunately, these strategies were not enough to offset the loss in sales and the stock price plummeted as a result. Investors were left feeling uncertain about the future of the company and many are hopeful that measures can be taken to ensure that this dip in stock value will not become a trend. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Allot Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 101.84 | -51.19 | -50.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Allot Ltd. More…
| Operations | Investing | Financing |
| -34.24 | 47.16 | 0 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Allot Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 157.83 | 92.67 | 2.72 |
Key Ratios Snapshot
Some of the financial key ratios for Allot Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -7.2% | – | -50.0% |
| FCF Margin | ROE | ROA |
| -36.9% | -31.2% | -20.2% |
Analysis
GoodWhale has analyzed the financials of ALLOT LTD and based on the Star Chart, our conclusion is that it is classified as an ‘elephant’ company. This means that the company is rich in assets after deducting off liabilities. Such a company could be attractive to value investors who are interested in companies that are undervalued by the market. Additionally, GoodWhale also gave ALLOT LTD an intermediate health score of 4/10 with regard to its cashflows and debt. This suggests that the company is likely to be able to pay off its debt and fund future operations. Finally, GoodWhale also found that ALLOT LTD is strong in asset, but weak in dividend, growth and profitability. This means that investors should be aware of the potential risks and rewards in investing in such a company. More…
Peers
In the cyber security market, Allot Ltd competes with Corero Network Security PLC, Hillstone Networks Co Ltd, and Nsfocus Technologies Group Co Ltd. Allot Ltd provides software-based solutions that enable service providers and enterprises to protect and personalize the Internet experience. The company’s solutions are used by over 1,700 customers in more than 80 countries.
– Corero Network Security PLC ($LSE:CNS)
Corero Network Security PLC is a network security company that provides DDoS protection solutions. The company has a market cap of 54.55M as of 2022 and a Return on Equity of 10.96%. Corero Network Security PLC’s DDoS protection solutions help organizations to defend against DDoS attacks and minimize the impact of these attacks.
– Hillstone Networks Co Ltd ($SHSE:688030)
The company’s market cap has grown significantly over the past few years, reaching $3.77 billion by 2022. This is due in part to the company’s strong financial performance, with a return on equity of 3.64%.
Stone Networks is a leading provider of network security solutions. The company’s products are used by some of the largest organizations in the world, including banks, governments, and military organizations.
– Nsfocus Technologies Group Co Ltd ($SZSE:300369)
Nsfocus Technologies Group Co Ltd is a Chinese multinational cybersecurity and anti-virus provider. The company has a market cap of 7.9B as of 2022 and a Return on Equity of 3.03%. Nsfocus provides cybersecurity solutions for enterprise, government, and SMB customers. The company’s products and services include network security, application security, and endpoint security. Nsfocus was founded in 2003 and is headquartered in Beijing, China.
Summary
ALLOT LTD recently reported their third quarter FY2023 earnings results, revealing a decrease in total revenue from the same period last year. Net income also saw a slight improvement. On the same day, the stock price was observed to have decreased. For investors, it is important to evaluate the performance of ALLOT LTD in comparison to the industry and competitors, as well as its ability to meet or exceed financial targets. It is also wise to consider potential risks such as macroeconomic and regulatory changes, changes in demand and supply, as well as competitive landscape.
Additionally, it is important to look at the company’s growth prospects in order to make a sound investment decision.
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