Allot Ltd. Shares Soar 13.89% on Major Telecom Deal

Allot Ltd. (ALLT) shares surged 13.89% today, reaching their highest level since February 2022, with an intraday gain of 16.33%.

Northland investment firm has raised its price target for Allot Ltd. (ALLT) from $13 to $15, maintaining an Outperform rating. This move has positively influenced the stock price, reflecting the firm's confidence in the company's future performance.

Allot Ltd. has secured a significant deal with a Tier 1 EMEA telecom operator, marking the largest customer win in five years for traffic management and cybersecurity protection. This landmark agreement is a major factor contributing to the stock's positive performance, as it underscores Allot's growing market presence and technological prowess in the telecom sector.