IDT Says Very Well Positioned As It Head Into Q2 Of FY24; Plans To Continue To Purchase Shares Opportunistically
Portfolio Pulse from Benzinga Newsdesk
IDT Corporation expressed optimism about its positioning as it enters Q2 of FY24, with plans to continue opportunistic share repurchases. The company anticipates that net2phone AI and upcoming premium plans will contribute to significant ARPU (average revenue per user) and margin growth.

December 04, 2023 | 9:49 pm
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IDT Corporation is set to continue share repurchases, which may support the stock price in the short term. The launch of net2phone AI and premium plans is expected to increase ARPU and margins, potentially leading to positive investor sentiment.
Share repurchases often signal management's confidence in the company and can reduce the number of shares outstanding, potentially increasing EPS and the stock price. The anticipation of new services that could drive revenue and margin growth is typically viewed positively by investors, which could lead to a short-term positive impact on IDT's stock price.
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IMPORTANCE 75
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