Extreme Networks announced on February 18, 2025, that its Board of Directors authorized a new share repurchase program of $200 million of common stock. This program is set to commence on July 1, 2025, and will extend over a three-year period.
The company currently has approximately $50 million remaining from a previous share repurchase authorization approved in May 2022, which is scheduled to expire on June 30, 2025. This new authorization demonstrates the company's commitment to returning value to shareholders.
The share repurchase program reflects management's confidence in Extreme Networks' financial position and future cash flow generation. It provides flexibility for capital allocation while supporting the company's stock value.
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