WidePoint Corporation Buyback
OLI recorded this information on 10/7/2019
The Board of Directors of WidePoint Corporation (NYSE American: WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Bill Presentment & Analytics solutions, has authorized the repurchase of up to $2.5 million of the Company's common stock from time-to-time in the open market, in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions pursuant to a newly authorized stock repurchase plan (the "2019 Repurchase Plan"). The timing and amount of any shares repurchased under the 2019 Repurchase Plan will be determined by the Company's management and will be based on its evaluation of market conditions and other factors.
WidePoint is a provider of Trusted Mobility Management (TM2) that consists of federally certified communications management, identity management, and bill presentment and analytics solutions. Co. provides its TM2 solutions through a managed services model. Co.'s TM2 solutions are hosted and accessible on-demand through a secure federal government certified proprietary portal that provides its customers with the ability to manage, analyze and protect their communications assets, and deploy identity management solutions that provide secured virtual and physical access to restricted environments.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 79% of all stocks covered)
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