Allot Ltd. is a US-listed company in the communications equipment industry. Its financial year ends in December.
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~$4.7
Valuation models combined (4)
Base case. Range ~$3.5–$6.0. Weighted average of 4 models (growth cash-flow model, forward price-to-earnings vs peers, forward price-to-sales vs peers, revenue-to-maturity model), the growth cash-flow model counting double.
No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.
Allot Ltd. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $102m, up 10.6% on a year earlier, against a decline of 1.0% a quarter earlier. Free-cash-flow margin rose to 15.2% from -11.0% a year earlier. Operating margin widened to 3.5% from -9.3%. The diluted share count is up 18.6% on a year earlier, which dilutes existing holders. It passes 1 of our 1 financial-health checks. Our valuation models combined value is $4.77 a share, against a share price of $8.68.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Allot Ltd.'s trailing-twelve-month revenue grew 10.6% year on year, with a free-cash-flow margin of 15.2%. Where it stands out: gross margin of 71.1% ranks 7 of 36 communications equipment companies we cover. Where it lags: change in share count of 18.6% ranks 33 of 36 communications equipment companies we cover.
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 59% in the quarter to 2026-06-30, the 2nd beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for ALLT from the sources we follow. See filings →
We value Allot Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 11.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.38 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$3.8 ~$2.9–$4.4 | Primary model, counts double |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$6.0 ~$4.8–$8.0 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: the model gives no positive value |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$3.5 ~$2.6–$13 | Included, half weight |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | ~$5.7 ~$4.9–$6.6 | Included |
| Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$4.7 ~$3.5–$6.0 | 4 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Allot Ltd. with Communications Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share price | $5.82 | $4.79 | $5.33 | $6.07 | $8.50 | $10.52 | $11.88 | $3.44 | $1.65 | $5.95 | $9.83 |
| Market value | $195m | $159m | $177m | $205m | $291m | $368m | $428m | $127m | $63m | $232m | $454m |
| + Net debt (− = net cash) | −$15m | −$23m | −$15m | −$16m | −$17m | −$24m | −$12m | $27m | $26m | $24m | −$17m |
| Enterprise value | $179m | $136m | $162m | $188m | $274m | $345m | $417m | $154m | $88m | $255m | $437m |
| Multiples | |||||||||||
| Price / sales | 1.9x | 1.8x | 2.2x | 2.1x | 2.6x | 2.7x | 2.9x | 1.0x | 0.7x | 2.5x | 4.5x |
| Price / earnings | — | — | — | — | — | — | — | — | — | — | 122.5x |
| Price / free cash flow | 99.1x | — | — | — | 23.5x | — | — | — | — | 85.5x | 29.3x |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | n/m | 57.1x |
Moderate moat
How hard Allot's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Gross margin has been a median 71.1%, moving by 2.5 percentage points (standard deviation) across 5 years.
Operating margin has been a median -9.3%; its worst year was -21.2%.
Free cash flow was positive in 1 of 5 years, at a median -9.6% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (52 before it).
Next results: November 12, 2026, before the open. Analysts expect revenue of $30m and EPS of $0.09 (range $0.07 to $0.11) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $0.34 | +48% | $116m | +14% |
| Next | $0.39 | +14% | $131m | +13% |
Next year's EPS estimate has moved +5.0% in 90 days, across 6 analysts.
The consensus EPS forecast for the current fiscal year is +13.3% on 90 days ago. In the last 30 days, 3 analysts raised Allot Ltd.'s forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.30 | $0.37 |
| 60 days ago | $0.34 | $0.38 |
| 30 days ago | $0.34 | $0.40 |
| 7 days ago | $0.34 | $0.40 |
| Now | $0.34 | $0.39 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.06 | $0.09 | +58.8% |
| Dec 2025 | $0.08 | $0.08 | 0.0% |
| Sept 2025 | $0.04 | $0.10 | +150.0% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| ALLT | +13% | −71% | −52% | +261% | +65% | −17% |
| Industry peers (median) | +18% | −18% | −12% | +23% | +1% | −3% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| ALLT | 58% | 17% | 33% | 83% | 50% | 64% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| ALLT | −48% | −78% | −66% | −20% | −49% | −46% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 94% from June 14, 2021 to December 6, 2023. Getting back needed a 1487% gain, and the shares have not yet recovered.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY14 Q4 | $117.2M |
| FY15 Q4 | $100M |
| FY16 Q4 | $90.4M |
| FY17 Q4 | $82M |
| FY18 Q4 | $95.8M |
| FY19 Q4 | $110.1M |
| FY20 Q4 | $135.9M |
| FY21 Q4 | $145.6M |
| FY22 Q4 | $122.7M |
| FY23 Q4 | $93.2M |
| FY24 Q4 | $92.2M |
| FY25 Q4 | $102M |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY14 Q4 | 21.4% |
| FY15 Q4 | -14.7% |
| FY16 Q4 | -9.6% |
| FY17 Q4 | -9.3% |
| FY18 Q4 | 16.9% |
| FY19 Q4 | 14.9% |
| FY20 Q4 | 23.5% |
| FY21 Q4 | 7.1% |
| FY22 Q4 | -15.7% |
| FY23 Q4 | -24.1% |
| FY24 Q4 | -1.0% |
| FY25 Q4 | 10.6% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY14 Q4 | -2.7% |
| FY15 Q4 | -15.9% |
| FY16 Q4 | -7.6% |
| FY17 Q4 | -21.2% |
| FY18 Q4 | -10.6% |
| FY19 Q4 | -8.2% |
| FY20 Q4 | -6.6% |
| FY21 Q4 | -9.3% |
| FY22 Q4 | -26.3% |
| FY23 Q4 | -69.7% |
| FY24 Q4 | -6.5% |
| FY25 Q4 | 3.5% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | FCF margin (TTM) |
|---|---|
| FY14 Q4 | 10.6% |
| FY15 Q4 | 2.0% |
| FY16 Q4 | -5.6% |
| FY17 Q4 | -3.7% |
| FY18 Q4 | -2.6% |
| FY19 Q4 | 11.2% |
| FY20 Q4 | -14.6% |
| FY21 Q4 | -11.0% |
| FY22 Q4 | -31.1% |
| FY23 Q4 | -34.6% |
| FY24 Q4 | 2.9% |
| FY25 Q4 | 15.2% |
Each dollar Allot took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.
| Revenue | $102M | |
|---|---|---|
| Other income | $1.3M | 1.3% of revenue |
| Cost of revenue | $29.4M | 28.9% of revenue |
| Gross profit | $72.6M | 71.1% of revenue |
| Research and development | $24.5M | 24.0% of revenue |
| Selling, general and admin | $44.5M | 43.6% of revenue |
| Operating income | $3.6M | 3.5% of revenue |
| Income tax | $1.2M | 1.2% of revenue |
| Net income | $3.7M | 3.6% of revenue |
| Fiscal year | 2009 Dec 2009 | 2010 Dec 2010 | 2011 Dec 2011 | 2012 Dec 2012 | 2013 Dec 2013 | 2014 Dec 2014 | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||||||||||
| Revenue | 42 | 57 | 78 | 105 | 97 | 117 | 100 | 90 | 82 | 96 | 110 | 136 | 146 | 123 | 93 | 92 | 102 |
| Gross profit | 30 | 41 | 56 | 58 | 70 | 82 | 67 | 62 | 53 | 66 | 76 | 96 | 101 | 83 | 53 | 64 | 73 |
| EBITDA | −3 | 5 | 11 | −4 | −1 | 2 | −10 | −3 | −14 | −6 | −5 | −5 | −8 | −25 | −57 | 0 | 8 |
| Operating income | −5 | 2 | 8 | −9 | −7 | −3 | −16 | −7 | −17 | −10 | −9 | −9 | −14 | −32 | −65 | −6 | 4 |
| Net income | −8 | −6 | 9 | −7 | −6 | −2 | −20 | −8 | −18 | −10 | −9 | −9 | −15 | −32 | −63 | −6 | 4 |
| Diluted EPS | −$0.35 | −$0.25 | $0.33 | −$0.21 | −$0.20 | −$0.08 | −$0.59 | −$0.24 | −$0.54 | −$0.31 | −$0.25 | −$0.27 | −$0.42 | −$0.87 | −$1.66 | −$0.15 | $0.08 |
| Growth (year on year) | |||||||||||||||||
| Revenue | — | +36.5% | +36.5% | +34.7% | −7.8% | +21.4% | −14.7% | −9.6% | −9.3% | +16.9% | +14.9% | +23.5% | +7.1% | −15.7% | −24.1% | −1.0% | +10.6% |
| EBITDA | — | — | +133.4% | −135.3% | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | +274.1% | −208.2% | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | −176.5% | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | −163.6% | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Margins | |||||||||||||||||
| Gross margin | 71.7% | 71.9% | 71.5% | 55.2% | 72.2% | 70.4% | 66.6% | 69.1% | 65.2% | 69.4% | 69.3% | 70.5% | 69.4% | 67.5% | 56.6% | 69.1% | 71.1% |
| EBITDA margin | −6.8% | 8.4% | 14.4% | −3.8% | −0.8% | 1.8% | −10.2% | −3.1% | −16.8% | −6.6% | −4.2% | −3.5% | −5.5% | −20.3% | −60.8% | 0.4% | 7.5% |
| Operating margin | −12.7% | 3.9% | 10.7% | −8.6% | −7.3% | −2.7% | −15.9% | −7.6% | −21.2% | −10.6% | −8.2% | −6.6% | −9.3% | −26.3% | −69.7% | −6.5% | 3.5% |
| Net margin | −18.4% | −10.1% | 11.3% | −6.4% | −6.7% | −2.1% | −19.8% | −8.8% | −22.0% | −10.9% | −7.9% | −6.9% | −10.3% | −26.1% | −67.4% | −6.4% | 3.6% |
| Free-cash-flow margin | −9.6% | 8.8% | 15.7% | 4.7% | −22.7% | 10.6% | 2.0% | −5.6% | −3.7% | −2.6% | 11.2% | −14.6% | −11.0% | −31.1% | −34.6% | 2.9% | 15.2% |
| Cash flow | |||||||||||||||||
| Cash from operations | −0 | 7 | 15 | 9 | −19 | 16 | 4 | −3 | −0 | 1 | 16 | −12 | −8 | −33 | −30 | 5 | 18 |
| Capital spending | 4 | 2 | 3 | 4 | 3 | 3 | 2 | 2 | 3 | 3 | 4 | 8 | 8 | 6 | 2 | 2 | 2 |
| Free cash flow | −4 | 5 | 12 | 5 | −22 | 12 | 2 | −5 | −3 | −2 | 12 | −20 | −16 | −38 | −32 | 3 | 15 |
| Stock-based pay | 2 | 2 | 2 | 5 | 8 | 8 | 7 | 5 | 3 | 3 | 3 | 5 | 8 | 9 | 9 | 6 | 5 |
| Free cash flow after stock pay | −6 | 3 | 10 | 0 | −30 | 4 | −5 | −10 | −6 | −5 | 9 | −25 | −24 | −47 | −41 | −3 | 10 |
| Balance sheet | |||||||||||||||||
| Cash | 36 | 43 | 117 | 50 | 43 | 19 | 15 | 23 | 15 | 16 | 17 | 24 | 12 | 12 | 14 | 16 | 17 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40 | 40 | 40 | 0 |
| Net debt (negative = net cash) | −36 | −43 | −117 | −50 | −43 | −19 | −15 | −23 | −15 | −16 | −17 | −24 | −12 | 27 | 26 | 24 | −17 |
| Diluted shares | 22m | 23m | 27m | 32m | 33m | 33m | 33m | 33m | 33m | 34m | 34m | 35m | 36m | 37m | 38m | 39m | 46m |
| Returned to shareholders | |||||||||||||||||
| Buybacks | — | — | — | — | — | — | 0 | 4 | — | — | — | — | — | — | — | — | — |
| Total returned | — | — | — | — | — | — | 0 | 4 | — | — | — | — | — | — | — | — | — |
| Last 12 months unless stated | ALLT | LTRX | KVHI | RDCM | CLFD | SILC | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $102m | $121m | $125m | $71m | $154m | $62m | $324m |
| Revenue growth, last 12 months | 10.6% | −1.6% | 15.8% | 17.2% | 34.0% | 6.6% | 11.0% |
| Revenue growth, 3-year average | 1.8% | −2.7% | −3.5% | 51.7% | −21.2% | −5.5% | 4.1% |
| Revenue growth, latest quarter | — | 8.0% | 26.7% | — | 13.2% | — | 12.9% |
| Gross margin | 71.1% | 43.8% | 1.7% | 76.0% | 33.0% | 30.6% | 43.7% |
| Operating margin | 3.5% | −3.4% | −7.0% | 11.6% | −0.2% | −19.8% | 2.2% |
| Operating margin, 3-year average | −9.0% | −4.7% | −11.3% | 1.6% | −4.3% | 3.5% | −1.4% |
| Net margin | 3.6% | −3.5% | −4.7% | 16.8% | −4.7% | −18.5% | −0.0% |
| Cash from operations / revenue | 17.4% | 8.2% | 5.5% | 20.4% | 10.3% | −3.5% | 9.9% |
| Free-cash-flow margin | 15.2% | 7.7% | −2.7% | 19.9% | 8.2% | −5.4% | 7.7% |
| Free-cash-flow margin, 3-year average | 0.2% | 8.0% | −6.5% | −2.3% | 11.2% | −2.3% | 2.2% |
| Stock pay / revenue | 4.9% | 5.2% | 1.2% | 8.6% | 3.1% | 4.5% | 3.9% |
| Change in share count | 18.6% | 4.0% | −0.1% | 4.2% | −2.5% | −5.2% | 1.5% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 10.6% | 11.3% | 21 of 40 |
| Change in growth rate Growth | +11.7pp | +2.0pp | 11 of 40 |
| Gross margin Profitability | 71.1% | 44.1% | 7 of 36 |
| Operating margin Profitability | 3.5% | 2.4% | 19 of 40 |
| Net margin Profitability | 3.6% | 0.6% | 18 of 40 |
| Free-cash-flow margin Cash generation | 15.2% | 8.2% | 10 of 38 |
| Stock pay as % of revenue Cash generation | 4.9% | 3.9% | 22 of 37 |
| Change in share count Balance sheet | 18.6% | 1.6% | 33 of 36 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Lynrock Lake LP | $88.6M | 10.0M | 27.6% | 0.0% |
| Qvt Financial LP | $49.5M | 5.6M | 15.4% | 0.0% |
| Kanen Wealth Management LLC | $42.2M | 4.8M | 13.1% | ▲ 2.8% |
| Acadian Asset Management LLC | $17.4M | 2.0M | 5.4% | ▼ 4.7% |
| Clal Insurance Enterprises Holdings Ltd | $13.8M | 1.6M | 4.3% | 0.0% |
| Renaissance Technologies LLC | $9.6M | 1.1M | 3.0% | ▲ 10.5% |
| Jane Street Group, LLC | $7.7M | 871K | 2.4% | ▲ 81.3% |
| G2 Investment Partners Management LLC | $6.3M | 709K | 2.0% | ▲ 1.7% |
| Blackrock, Inc. | $6.1M | 694K | 1.9% | ▲ 57.9% |
| Awm Investment Company, Inc. | $5.5M | 625K | 1.7% | 0.0% |
| P.A.W. Capital Corp | $5M | 566K | 1.6% | ▲ 0.2% |
| Morgan Stanley | $4.6M | 514K | 1.4% | ▼ 9.4% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Allot Ltd.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Grossman Boaz Senior Vice President R&D | August 28, 2026 | Sell | 4,000 | $7.80 | $31,200 |
| Grossman Boaz Senior Vice President R&D | August 21, 2026 | Sell | 6,000 | $7.45 | $44,700 |
| Groner Gili Chief Human Resources Officer | August 18, 2026 | Sell pre-set plan | 26,666 | $7.86 | $209,595 |
| Harari Eyal David Chief Executive Officer | August 6, 2026 | Sell | 29,111 | $7.64 | $222,408 |
| Charash Inbar General Counsel | August 3, 2026 | Sell | 556 | $7.80 | $4,337 |
| Shteiman Mark Chief Product Officer | June 15, 2026 | Sell | 2,000 | $7.50 | $15,000 |
| Lelah Noam SVP Customer Success & Ops | June 1, 2026 | Sell | 21,000 | $8.48 | $178,080 |
| Shteiman Mark Chief Product Officer | May 22, 2026 | Sell | 6,000 | $7.58 | $45,480 |
| Shteiman Mark Chief Product Officer | May 21, 2026 | Sell | 5,000 | $7.39 | $36,950 |
| Grossman Boaz Senior Vice President R&D | May 20, 2026 | Sell | 5,000 | $7.37 | $36,850 |
| Shteiman Mark Chief Product Officer | May 19, 2026 | Sell | 5,000 | $7.32 | $36,600 |
| Shteiman Mark Chief Product Officer | May 18, 2026 | Sell | 3,000 | $7.13 | $21,390 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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