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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