Allot Ltd. received board authorization for a share repurchase program allowing the company to buy back up to $40 million of its ordinary shares. The program reflects the board's confidence in the company's long-term growth strategy, with repurchases to be made opportunistically through open market purchases, private negotiations, or other permitted methods. CEO Eyal Harari noted consecutive quarters of double-digit topline growth over the past 12 months and improving profitability and cash generation, stating the buyback is an attractive use of excess capital to create shareholder value while continuing to invest in internal growth initiatives.
Allot Communications LtdBoard authorized $40M share repurchase program, signaling confidence and returning capital to shareholders.