Fortinet Approves $1B Expansion to Share-Repurchase Plan

Dow Jones

08/22

By Connor Hart

Fortinet's board approved a $1 billion increase to the company's share-repurchase plan, along with a one-year extension through Feb. 28, 2027.

The cybersecurity company said Friday that the expansion brings its total repurchase authorization to $9.25 billion, of which approximately $1.23 billion remains available.

The buybacks are allowed to happen through open-market purchases or privately negotiated deals, Fortinet said. It noted that it has no obligation to repurchase shares and can suspend or discontinue the program at any time.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

August 22, 2025 06:22 ET (10:22 GMT)

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It noted that it has no obligation to repurchase shares and can suspend or discontinue the program at any time. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 22, 2025 06:22 ET (10:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0348723411.USD","symbol_name":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2561347363","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2561347363","pubTimestamp":1755858120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Fortinet's board approved a $1 billion increase to the company's share-repurchase plan, along with a one-year extension through Feb. 28, 2027.The cybersecurity company said Friday that the expansion brings its total repurchase authorization to $9.25 billion, of which approximately $1.23 billion remains available.The buybacks are allowed to happen through open-market purchases or privately negotiated deals, Fortinet said. 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It noted that it has no obligation to repurchase shares and can suspend or discontinue the program at any time. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 22, 2025 06:22 ET (10:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}