BuybackJun 23, 2026, 06:07 AM
Allot Announces $40M Share Repurchase Program
AI Summary
Allot Ltd. announced that its Board of Directors has authorized a share repurchase program of up to $40 million of the company's ordinary shares. The program reflects the Board's confidence in Allot's long-term growth strategy, strong financial position, and the intrinsic value of the company. CEO Eyal Harari highlighted consecutive quarters of profitable growth, double-digit revenue growth, and improving profitability and cash generation, stating that repurchasing shares is an attractive use of excess capital to create shareholder value.
Key Highlights
- Allot's Board authorized a share repurchase program of up to $40 million.
- Repurchases will be made on the Tel Aviv Stock Exchange and Nasdaq.
- The program reflects confidence in Allot's long-term growth strategy and financial position.
- CEO Eyal Harari noted consecutive quarters of profitable growth and double-digit revenue growth.
- The company intends to fund the program from existing cash resources.
Price Impact
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