Shares of Allot declined after the company said Wednesday its underwritten public offering priced at $8 per share, below its closing price yesterday. The stock was down 17% at $7.98 in midday trading. Shares closed at $9.61 on Tuesday after they touched a 52-week high of $9.92. For the year, the stock is up 35%.

The gross proceeds to Cidara from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $350.0 million. In addition, Cidara has granted the underwriters a 30-day option to purchase up to an additional 1,