NICE Plans New $500M Share Repurchase Program; Accelerates Its current $300M Stock Buyback
Portfolio Pulse from Benzinga Newsdesk
NICE Ltd. has announced a new $500 million share repurchase program and is accelerating its current $300 million stock buyback. This move is likely to positively impact the company's stock price in the short term.
June 10, 2024 | 11:33 am
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NICE Ltd. has announced a new $500 million share repurchase program and is accelerating its current $300 million stock buyback. This move is likely to positively impact the company's stock price in the short term.
Share repurchase programs typically reduce the number of outstanding shares, which can increase earnings per share (EPS) and often lead to a higher stock price. The acceleration of the current buyback program further indicates the company's confidence in its financial health and future prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100