Palo Alto Networks to Buy Back Additional Shares Valued at $316.7 Million
November 17 2023 - 5:46PM
Dow Jones News
By Sabela Ojea
Palo Alto Networks is buying back additional shares of its
common stock valued at $316.7 million, according to a Securities
and Exchange Commission filing.
The Santa Clara, Calif.-based cybersecurity company said Friday
the authorization is an increase to its existing share buyback
program of $3.3 billion, originally approved in 2019 and extended
in December 2020, August 2021 and August 2022.
The authorization allows Palo Alto to buy back shares of its
common stock opportunistically and will be funded from available
working capital.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
November 17, 2023 17:31 ET (22:31 GMT)
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