Perion Network Shares Rise After Expanded Buyback Program

Dow Jones

03-10

By Chris Wack

Perion Network shares were up 7% to $8.79 after the company said its board of directors authorized a $50 million expansion of its previously authorized share-repurchase program of $75 million of its outstanding shares.

The technology company said that as of Dec. 31, it has repurchased a total of 5.2 million shares, at a total amount of $46.8 million.

The expansion of the program, to $125 million, is subject to the issuance of the Israel-based company's audited annual financial report for the year 2024.

The expanded program continues to have an indefinite term.

The original buyback program of $50 million was launched in February 2024, and increased by $25 million in April 2024.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

March 10, 2025 10:08 ET (14:08 GMT)

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

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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":"2518220564","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518220564","pubTimestamp":1741615680,"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":"Perion Network shares were up 7% to $8.79 after the company said its board of directors authorized a $50 million expansion of its previously authorized share-repurchase program of $75 million of its outstanding shares.The technology company said that as of Dec. 31, it has repurchased a total of 5.2 million shares, at a total amount of $46.8 million.The expansion of the program, to $125 million, is subject to the issuance of the Israel-based company's audited annual financial report for the year 2024.The expanded program continues to have an indefinite term.The original buyback program of $50 million was launched in February 2024, and increased by $25 million in April 2024.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"扩大回购计划后Perion Network股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PERI":1},"content_text":"By Chris Wack \n\n\n \n\n\n  Perion Network shares were up 7% to $8.79 after the company said its board of directors authorized a $50 million expansion of its previously authorized share-repurchase program of $75 million of its outstanding shares. \n\n\n  The technology company said that as of Dec. 31, it has repurchased a total of 5.2 million shares, at a total amount of $46.8 million. \n\n\n  The expansion of the program, to $125 million, is subject to the issuance of the Israel-based company's audited annual financial report for the year 2024. \n\n\n  The expanded program continues to have an indefinite term. \n\n\n  The original buyback program of $50 million was launched in February 2024, and increased by $25 million in April 2024. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 10, 2025 10:08 ET (14:08 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,buyback","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}