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Stock Market & Financial Investment News

News Breaks
July 22, 2014
08:59 EDTALLTAllot Communications receives notice of deficiency from NASDAQ
Allot Communications announced that on July 16 it received a notice of deficiency from NASDAQ Stock Market. The non-compliance cited by NASDAQ is the result of the previously-announced departure of Dov Baharav from the company's board of directors. With the departure of Baharav, the company is currently not in compliance with NASDAQ Stock Market Listing Rule 5605, which requires the company's board of directors to be comprised of a majority of independent directors, and NASDAQ Listing Rule 5605, which requires the company's audit committee to be comprised of at least three independent directors. Accordingly, the company intends to hold a meeting of its shareholders to elect one or more new directors who will be independent under the NASDAQ Stock Market Listing Rules and, once elected, to appoint such director to serve as a member of the audit committee within the time period specified in the Notice.
News For ALLT From The Last 14 Days
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October 14, 2014
06:07 EDTALLTAllot Communications, MRV Communications announce collaboration
Allot Communications (ALLT) and MRV Communications (MRVC) announced a collaboration to demonstrate an SDN-enabled virtual Customer Premises Equipment, or vCPE, solution for bringing application awareness to service providers access networks. Initiated and validated in Orange Labs, the proof of concept demonstration, or PoC, will take place at the Layer 123 SDN & OpenFlow World Congress on October 14-17, in Düsseldorf, Germany. Allot and MRV have partnered to respond to Orange needs by introducing an innovative solution for delivering application awareness at the access network that combines a centralized traffic detection function, programmable business customer premises equipment and an OpenDayLight SDN controller to enable stringent SLAs by setting per-application priority and dedicated bandwidth, and enforcing them starting at the customer premises and throughout the network.
October 10, 2014
09:03 EDTALLTAllot Communications receives expansion orders of over $5M from mobile operators
Allot Communications announced that it has received expansion orders of over $5M from two Tier-1 mobile operators for the Allot Service Gateway Tera for delivering value-added services to the Operators' subscribers. This follows a $15M expansion order from another major Tier-1 operator that was announced recently for the Allot Service Gateway Tera and associated value-added services.

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