By Dean Seal
Shares of Telos surged after the company reported better revenue trends than Wall Street had been expecting and said it had started repurchasing stock again.
The stock was up 47% at $3.50 in early trading. Shares are back in positive territory year-to-date.
The provider of cyber, cloud and enterprise security solutions said before the opening bell that it delivered $36 million in revenue for the second quarter, up 26% from a year earlier and ahead of analyst projections for $33.6 million.
Third-quarter revenue is on track to hit $44 million to $47 million, Telos said. Analysts surveyed by FactSet had been forecasting $38.5 million.
Telos said it also resumed share repurchasing activities during the quarter, using $4 million to buy back about 1.5 million shares at an average price of $2.69 apiece.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
August 11, 2025 11:04 ET (15:04 GMT)
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