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.