Allot Communications Ltd. (NASDAQ, TASE: ALLT) said it has received a court approval to repurchase up to USD15 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.
Allot Communications 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.