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Allot Announces First Quarter 2021 Financial Results Allot achieves its first major win in US market with DISH Network Exhibit 99.1 allot See . Control . Secure . Hod Hasharon , Israel – May 11 , 2021 - Allot Ltd. ( NASDAQ : ALLT , TASE : ALLT ) , a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide , today announced its unaudited first quarter 2021 financial results . First Quarter 2021 Highlights • Continued growth : revenues of $ 31.2 million , up 6 % year - over - year ; • End of quarter cash and investments of $ 103 million ; • Allot's first major penetration into US market : DISH Network Selected Allot to Protect the United States ' First Cloud - native , OpenRAN - based 5G Network and its Customers from Cybersecurity Threats ; Financial Outlook • • Management continues to expect 2021 revenues to grow to between $ 145-150 million ; Management continues to expect to close recurring security deals in 2021 with an MAR * expected to exceed $ 180 million ; Management continues to expect recurring security revenues in 2021 to be at least $ 6 million , and around $ 25 million in 2022 ; Management Comment Erez Antebi , President & CEO of Allot , commented : “ We are pleased with our start to 2021 with continued year - over - year revenue growth . From the strategic perspective , we are very happy with our first major penetration into the US market and are thrilled that DISH chose to partner with us to help secure their innovative 5G network , which will be one of the most advanced in the US market . This deal , together with Dish's stated intent to sign an additional deal with Allot to launch network based security services to their customers , is a major indication on the importance of security to 5G networks and customers worldwide . " Continued Mr. Antebi , “ We see 2021 as a transformation year for Allot . We expect that as our SECaaS partners begin to launch their services over the coming months , we will see the initial ramp of these recurring revenues . We are very encouraged by the traction we have been gaining and look forward to continue signing additional recurring security revenue deals , ensuring further long - term sustainable growth . "