Reported Earlier, Verint Authorizes $200M Stock Buyback Program, Extending Through 2026
Portfolio Pulse from Benzinga Newsdesk
Verint has authorized a $200 million stock buyback program, effective from August 29, 2024, to August 29, 2026. This move allows the company to repurchase shares of its common stock within this period.
September 05, 2024 | 6:46 am
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Verint has announced a $200 million stock buyback program, which will be in effect from August 29, 2024, to August 29, 2026. This program allows the company to repurchase its common stock, potentially increasing shareholder value and supporting the stock price.
Stock buyback programs are generally seen as a positive signal by the market, as they can indicate that the company believes its stock is undervalued. This can lead to an increase in stock price due to reduced supply and increased demand. The $200 million buyback is a significant amount, suggesting a strong commitment to returning value to shareholders.
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