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Perion Expands its Current Share Repurchase Program to a Total of $125 Million

1. Perion Network expands its share repurchase program by $50 million. 2. Total authorized for repurchase now stands at $125 million.

Shares Buyback
+4.21%Current Return
VS
-3.53%S&P 500
$8.1903/10 06:15 AM EDTEvent Start
$8.53503/11 12:49 PM EDTLatest Updated
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FAQ

Why Bullish?

The increased buyback program signals confidence in the company’s valuation, similar to strategies employed by other successful firms which have seen stock appreciation following buyback announcements. Buybacks typically enhance shareholder value, potentially leading to a positive price impact for PERI.

How important is it?

The share buyback program is a significant strategic move that can impact stock price and investor outlook directly, making it highly relevant to investors and analysts tracking PERI. The increase in buyback amount reflects management’s belief in the company's ongoing strength and growth potential.

Why Short Term?

The share repurchase program could positively affect PERI's stock price in the near term as reduced share supply can enhance earnings per share and investor sentiment. Historical examples include buybacks leading to immediate upward movement in stock prices of companies like Apple and Microsoft.

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NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)-- #tech--Perion Network Ltd. (NASDAQ and TASE: PERI), a leader in advanced technology solving for the complexities of modern advertising, announced today that its Board of Directors authorized a $50 million expansion of the previously authorized share repurchase program of $75 million of its outstanding shares, to a total of $125 million. As of December 31, 2024, the company repurchased a total of 5.2 million shares, at a total amount of $46.8 million. The e.

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