NetApp Authorizes $1.1 Billion Share Buyback

Dow Jones

30 May

By Roshan Fernandez

NetApp will buyback up to $1.1 billion of the company's common stock, according to a filing with the Securities and Exchange Commission on Thursday.

The San Jose, Calif.-based data infrastructure company's board of directors approved the buyback program on May 22. The program has no time limit, and NetApp is not obligated to repurchase a specific number of shares.

Repurchases may be made in the open market or in privately negotiated transactions, the company said.

The company reported fourth quarter financial results on Thursday.

Write to Roshan Fernandez at roshan.fernandez@wsj.com

(MORE TO FOLLOW) Dow Jones Newswires

May 29, 2025 18:01 ET (22:01 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The program has no time limit, and NetApp is not obligated to repurchase a specific number of shares. \n</p>\n<p>\n  Repurchases may be made in the open market or in privately negotiated transactions, the company said. \n</p>\n<p>\n  The company reported fourth quarter financial results on Thursday. \n</p>\n<p>\n  Write to Roshan Fernandez at roshan.fernandez@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  May 29, 2025 18:01 ET (22:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2539529908","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539529908","pubTimestamp":1748556060,"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":"NetApp will buyback up to $1.1 billion of the company's common stock, according to a filing with the Securities and Exchange Commission on Thursday.The San Jose, Calif.-based data infrastructure company's board of directors approved the buyback program on May 22. 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