Cognyte Announces Board Authorization of $20 Million Share Repurchase Program
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Cognyte's board of directors has approved a $20 million share repurchase program, allowing the company to buy back its ordinary shares over the next 18 months.
November 12, 2024 | 1:00 pm
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Cognyte's board has authorized a $20 million share repurchase program, indicating potential confidence in the company's valuation and future prospects.
The announcement of a share repurchase program often suggests that the company believes its stock is undervalued, which can lead to a positive short-term impact on the stock price. The $20 million buyback over 18 months indicates a significant commitment to returning value to shareholders.
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