Juniper Networks Buyback
OLI recorded this information on 10/24/2019
Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today announced that its Board of Directors has approved a $1 billion stock buyback authorization increase, adding to the existing buyback authorization, which has $900 million remaining for a total of $1.9 billion. Juniper plans to enter a $200 million accelerated share repurchase program ("ASR") in Q4 2019 and intends to continue to be opportunistic with its share repurchases thereafter.
Juniper Networks designs, develops and sells products and services for networks. Co. sells its products in three geographic regions: Americas; Europe, Middle East, and Africa; and Asia Pacific. Co. sells its network products and service offerings across routing, switching, and security technologies. In addition, Co. provides its customers services, including maintenance and support, services, and education and training programs. Co.'s products and services address network requirements for its customers within its vertical: Cloud, Service Provider, and Enterprise. Co.'s portfolio addresses domains in the network: core; edge; access and aggregation; data centers; and campus and branch.
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Hold (2.20 out of 4)
(ranked lower than approx. 93% of all stocks covered)
Based on Zacks ABR data;
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