Allot authorizes $40 million share repurchase program
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 |
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?

























