HOD HASHARON, Israel,
December 1, 2015 /PRNewswire/ --
Allot Communications Ltd. (NASDAQ, TASE: ALLT) a leading global
provider of intelligent broadband solutions that empower
communication service providers to optimize and monetize their
networks, enterprises to enhance productivity and consumers to
improve their digital lifestyle, today announced it has received a
court approval to repurchase up to $15
million of its Ordinary Shares. As of September 30, 2015, Allot had approximately 33.5
million Ordinary Shares outstanding.
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 States
Securities Exchange Act of 1934 that is designed to facilitate
these purchases. The repurchase program does not require Allot to
acquire a specific number of shares, and may be suspended from time
to time or discontinued. The court approval will initially be valid
for a period of six months.
About Allot Communications
Allot Communications Ltd. (NASDAQ, TASE: ALLT) empowers service
providers to monetize and optimize their networks, enterprises to
enhance productivity and consumers to enjoy an always-on digital
lifestyle. Allot's advanced DPI-based broadband solutions identify
and leverage network intelligence to analyze, protect, improve and
enrich mobile, fixed and cloud service delivery and user
experience. Allot's unique blend of innovative technology, proven
know-how and collaborative approach to industry standards and
partnerships enables network operators worldwide to elevate their
role in the digital lifestyle ecosystem and to open the door to a
wealth of new business opportunities. For more information, please
visit http://www.allot.com.
Forward Looking Statement
This release may contain forward-looking statements, which
express the current beliefs and expectations of Company management.
Such statements involve a number of known and unknown risks and
uncertainties that could cause our future results, performance or
achievements to differ significantly from the results, performance
or achievements expressed or implied by such forward-looking
statements. Important factors that could cause or contribute to
such differences include risks relating to: our ability to compete
successfully with other companies offering competing technologies;
the loss of one or more significant customers; consolidation of,
and strategic alliances by, our competitors, government regulation;
lower demand for key value-added services; our ability to keep pace
with advances in technology and to add new features and value-added
services; managing lengthy sales cycles; operational risks
associated with large projects; our dependence on third party
channel partners for a material portion of our revenues; and other
factors discussed under the heading "Risk Factors" in the Company's
annual report on Form 20-F filed with the Securities and Exchange
Commission. Forward-looking statements in this release are made
pursuant to the safe harbor provisions contained in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are made only as of the date hereof, and the company
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contacts Allot:
Investor Relations Contact:
Rami Rozen
AVP Corporate Development
International access code +972-52-569-4441
rrozen@allot.com
SOURCE Allot Communications Ltd.