DeVry Education (ATGE) shares are soaring 5.06% in pre-market trading on Wednesday, following the company's announcement of plans to accelerate its share repurchase program. The move signals confidence in the company's financial position and is likely driving investor optimism.

Adtalem Global Education Inc., the parent company of DeVry Education, revealed its intention to expedite the execution of its remaining $136 million balance under the existing $150 million Board-authorized share repurchase program. The company stated it will continue to repurchase shares from time to time using various methods, in accordance with applicable legal requirements. The repurchase program is authorized through May 2028, providing a long-term commitment to enhancing shareholder value.

In addition to the share buyback news, Adtalem Global Education also reaffirmed its fiscal year 2026 revenue guidance. This reaffirmation suggests that the company remains confident in its long-term financial outlook, which may be contributing to the positive market reaction. The combination of an accelerated share repurchase program and steady revenue projections appears to be bolstering investor confidence in DeVry Education's future prospects.