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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.