Lionbridge Technologies, Inc. Buyback
OLI recorded this information on 11/9/2015
Lionbridge Technologies, Inc.
Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced that its Board of Directors has authorized a share repurchase program allowing the Company to repurchase up to $50 million of the Company's common stock through the end of fiscal year 2018. The new authorization represents an increase of $32 million from the previous $18 million share repurchase program that was announced in November of 2012 and which has now expired.
Lionbridge Technologies is a provider of global content and communication solutions. Co. provides translation, online marketing, global content and testing solutions. Co. has three operating segments: Global Language and Content, which translates, localizes and adapts clients' content and products, provides marketing services, and creates and translates technical documentation; Global Enterprise Solutions, which tests applications and online search results, and provides crowdsourcing services including search relevance testing and data management solutions; and Interpretation, which provides interpretation communication services, including over-the-phone and onsite interpretation services.
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Buy (2.67 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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