Stock Track | Radware Soars 6.10% Intraday on $80 Million Share Buyback Announcement
Stock Track
Feb 13
Radware's stock surged 6.10% during intraday trading on Friday, following the company's announcement of a significant capital return initiative.
The sharp increase comes after Radware disclosed that its board of directors authorized a new plan to repurchase up to $80 million of its ordinary shares. This share repurchase program, which will expire on March 15, 2027, is seen as a strong signal of management's confidence in the company's financial health and future prospects.
Share buyback programs typically reduce the number of shares outstanding, which can increase earnings per share and return value to shareholders, often leading to positive market reactions like the one observed today.
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