Business
Allot Announces $40 Million Share Repurchase Program
Allot Announces $40 Million Share Repurchase
About this update from Allot Ltd.
Hod Hasharon, Israel, June 23, 2026 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ: ALLT; TASE: ALLT), a leading global provider of innovative security-as-a-service (SECaaS) and network intelligence solutions for communication service providers and enterprises, today 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 its belief in the intrinsic value of Allot, enabling the Company to opportunistically repurchase shares while continuing to invest in its growth initiatives. Eyal Harari, CEO of Allot, said: “Our share repurchase program reflects our confidence in Allot’s strategy and financial strength. Over the past year, we have delivered consecutive quarters of profitable growth, with double-digit revenue growth, improving profitability and cash generation. We are confident in the momentum we are continuing to build. We believe repurchasing our shares is an attractive use of our excess capital, that allows us to create increased value for our shareholders, while we continue to invest in internal initiatives that will continue to drive Allot’s long-term growth.” Repurchases may be made from time to time at management’s discretion in the open market, privately negotiated transactions, or other permitted means, on the Tel Aviv Stock Exchange and Nasdaq, in compliance with applicable laws and regulations. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. The timing and amount of repurchases will depend on market conditions, share price, liquidity, and other factors. The program does not obligate the Company to repurchase any specific amount of shares and may be modified, suspended or discontinued at any time. The Company intends to fund the program from existing cash resources. Pursuant to Regulation 7C of the Companies Regulations (Relief to Companies whose Securities are Listed for Trade in a Stock Exchange Outside Israel), 5760-2000, the creditors of the Company may contact the Company and object to the share repurchase program within 30 days following the date of publication of this notice. For further information regarding the share repurchase program, including information regarding ...