Allot's Security Model Shift Earns Overweight Rating, $15 Target and Moderate Buy Consensus
Cantor Fitzgerald initiated Overweight coverage with a $15 price target, implying over 49% upside as Allot shifts to a security-centric consumer model driven by growing Security-as-a-Service sales and telecom partnerships. Allot struck a deal with Compax Venture to deploy NetworkSecure and OffNetSecure for MVNOs and holds a Moderate Buy consensus from seven analysts.
1. Overweight Coverage and $15 Target
On January 12, Cantor Fitzgerald initiated coverage of Allot with an Overweight rating and a $15 price target, reflecting over 49% upside potential. The firm highlighted the company’s strategic transition to a security-centric consumer model, fueled by rising Security-as-a-Service revenue and robust telecom carrier partnerships.
2. MVNO Cybersecurity Deployment
On January 13, Allot secured a deal with Compax Venture to implement NetworkSecure and OffNetSecure solutions for mobile virtual network operators. This deployment will integrate network-based cybersecurity and content filtering protection for subscribers across brands using Compax’s platform.
3. Brokerage Consensus
Seven brokerages covering Allot hold an average Moderate Buy recommendation, including five Buy ratings, one Hold, and one Sell. This consensus underscores moderate optimism around the company’s cybersecurity offerings and growth outlook.