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N-able Announces Share Repurchase Program

1. N-able announces a $75 million share repurchase program, signaling confidence in future growth.

Shares Buyback
+9.65%Current Return
VS
-1.33%S&P 500
$7.1503/12 04:45 PM EDTEvent Start
$7.8403/13 11:07 PM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks typically indicate management's belief in undervalued stock, which can boost share prices. Historical examples show similar announcements often lead to positive price movements.

How important is it?

The announcement of a share buyback indicates company confidence, likely enhancing investor sentiment and creating demand for shares.

Why Short Term?

The immediate effects of share repurchases usually manifest quickly, often influencing stock prices within weeks to months.

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BURLINGTON, Mass.--(BUSINESS WIRE)--N-able, Inc. (NYSE:NABL), a global software company helping IT services providers deliver security, data protection as-a-service and unified endpoint management, today announced that its Board of Directors has approved a share repurchase program authorizing the company to repurchase up to an aggregate of $75 million of shares of its common stock. “We believe strongly in the opportunities ahead for N-able and our potential to create long-term value for our sha.

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