Allot authorizes $40 million share repurchase program

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Reviewed by
Naman SScanX News Team
Key Highlights

Allot Ltd. authorized a $40 million share repurchase program, citing confidence in its long-term growth strategy and financial position. CEO Eyal Harari pointed to consecutive quarters of profitable growth and double-digit revenue growth as drivers. The program will be executed on the Tel Aviv Stock Exchange and Nasdaq using existing cash resources.

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Allot Ltd. has authorized a share repurchase program of up to $40 million of its ordinary shares, signaling confidence in its long-term growth strategy and financial position. The program reflects the Board’s confidence in Allot’s intrinsic value, enabling the company to opportunistically repurchase shares while continuing to invest in growth initiatives. Eyal Harari, CEO of Allot, highlighted consecutive quarters of profitable growth, double-digit revenue growth, and improving profitability as key drivers behind the decision, noting that repurchasing shares is an attractive use of excess capital to create increased value for shareholders.

Repurchase Details

Repurchases may be executed through open market transactions, privately negotiated deals, or other permitted means on the Tel Aviv Stock Exchange and Nasdaq. The company may also utilize Rule 10b5-1 plans to facilitate these transactions. The timing and volume of repurchases will depend on market conditions, share price, liquidity, and other factors. The program does not obligate Allot to repurchase any specific amount and may be modified, suspended, or discontinued at any time.

Financial Context

Allot reported strong financial performance over the past year, with double-digit revenue growth and enhanced cash generation. The company intends to fund the program from its existing cash resources, ensuring no dilution of its ongoing investment in internal initiatives.

Regulatory Compliance

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, creditors may object to the share repurchase program within 30 days of this notice's publication.

Key Metrics

Metric Details
Repurchase Amount $40 million
Funding Source Existing cash resources
Execution Platforms Tel Aviv Stock Exchange, Nasdaq
Objection Window 30 days from publication date
Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will the share repurchase program impact Allot's ability to fund future growth initiatives?

What criteria will Allot use to determine the timing and volume of share repurchases?

Could the repurchase program signal a shift in Allot's capital allocation strategy?

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Allot management to meet investors at Roth Conference in London

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Reviewed by
Suketu GScanX News Team
Key Highlights

Allot Ltd. management will meet with institutional investors at the Roth Conference in London on June 17-18, 2026. The company provides Security-as-a-Service and network intelligence solutions globally.

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Allot Ltd. management will engage with institutional investors during the Roth Conference scheduled for June 17-18, 2026, in London, England. The meetings will provide a platform for one-on-one discussions regarding the company's operations and strategic direction. Allot specializes in providing Security-as-a-Service (SECaaS) and network intelligence solutions to communications service providers and enterprises worldwide.

The company's management team will be available for scheduled meetings throughout the event. Investors interested in arranging a session are encouraged to contact a Roth representative or Allot's investor relations team directly. This participation underscores Allot's commitment to maintaining transparency and fostering relationships with the investment community.

About Allot Ltd.

Allot Ltd. is a leading provider of converged cybersecurity solutions and network intelligence offerings. Its solutions are deployed globally for network-native cybersecurity services, analytics, traffic control, and shaping. The company's multi-service platforms are utilized by over 500 mobile, fixed, and cloud service providers, as well as more than 1,000 enterprises.

Key Deployments

Entity Type Number of Deployments
Service Providers 500+
Enterprises 1,000+

Allot's network-native security-as-a-service solution is currently used by millions of subscribers globally, highlighting its significant market penetration.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What strategic initiatives will Allot prioritize to expand its market penetration among the remaining global service providers?

How does Allot plan to leverage its SECaaS solutions to address emerging cybersecurity threats in the cloud sector?

What are the expected financial impacts of the upcoming discussions with institutional investors on Allot's stock performance?

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