Allot Authorizes $40M Stock Buyback Backed by Double-Digit Revenue Growth
ALLT•Allot’s Board authorized a $40 million buyback of ordinary shares, to be funded from existing cash and executed via open-market purchases, negotiated transactions or Rule 10b5-1 plans. The program underscores confidence after consecutive quarters of double-digit revenue growth, improving profitability and strong cash generation.
1. Program Authorization
Allot’s Board authorized a share repurchase program of up to $40 million of ordinary shares, to be executed on Nasdaq and Tel Aviv exchanges or through privately negotiated transactions under Rule 10b5-1 plans.
2. Financial Rationale
The program reflects Allot’s consecutive quarters of double-digit revenue growth, improved profitability and strong cash generation, underpinning management’s confidence in the company’s long-term strategy and intrinsic value.
3. Execution Terms
Repurchases will be made at management’s discretion based on market conditions, share price and liquidity, with no obligation to repurchase a minimum amount and the option to modify, suspend or discontinue the program at any time.
4. Shareholder Implications
Using existing cash resources for buybacks may reduce share count and enhance earnings per share, signaling management’s commitment to shareholder value while maintaining investment in growth initiatives.
