Zedge Board Approved $5M Share Buyback Program
Portfolio Pulse from Benzinga Newsdesk
Zedge, Inc. (NYSE:ZDGE) has announced a $5 million share buyback program following the completion of a previous $3 million buyback. The company is experiencing strong revenue growth and believes its stock is undervalued.
September 16, 2024 | 10:33 am
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Zedge's board has approved a $5 million share buyback program, indicating confidence in the company's valuation. The company is experiencing strong revenue growth and is investing in innovative features.
The share buyback program suggests that Zedge's management believes the stock is undervalued, which could lead to a positive short-term impact on the stock price. The company's strong revenue growth and investment in new features further support this outlook.
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