Allot Ltd. has authorized a share repurchase program of up to $40 million of its ordinary shares. The program reflects the Board's confidence in Allot's long-term growth strategy and financial position, allowing the company to opportunistically repurchase shares while continuing to invest in growth initiatives. CEO Eyal Harari highlighted consecutive quarters of profitable growth with double-digit revenue increases and improving cash generation. Repurchases may be made on the Tel Aviv Stock Exchange and Nasdaq through open market or privately negotiated transactions, funded from existing cash resources. The program does not obligate any specific amount and may be modified or discontinued at any time.
Allot Communications LtdCompany announces $40M share buyback program, signaling confidence in financial position and growth strategy.