Allot Communications Announces Up to $15M Share Buyback

Allot Communications Ltd. ALLT, announced today that its Board of Directors has approved a program for the Company to repurchase up to $15 million of its outstanding ordinary shares.  Under Israeli law, commencement of repurchases is subject to court approval. As of June 30, 2015 Allot had approximately 33.5 million ordinary shares outstanding. Andrei Elefant, President and Chief Executive Officer of Allot said: "This share repurchase program demonstrates the confidence we have in the Company and its long-term growth prospects, and is consistent with management's goal of increasing shareholder value." Share purchases will take place in open market transactions or in privately negotiated transactions and may be made from time to time depending on market conditions, share price, trading volume and other factors. Such purchases will be made in accordance with all applicable securities laws and regulations. For all or a portion of the authorized repurchase amount, Allot may enter into a plan that is compliant with Rule 10b5-1 of the United See full press release