Juniper Networks (JNPR) Sees Rare Bid on Buyback Plan, But Investors Not Thrilled
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Juniper Networks, Inc. (Nasdaq: JNPR) is bouncing off 52-week lows levels this morning following the company's new $1 billion share buyback plan, announced after the close.
The new plan is on top of the remaining $162.2 million under the 2010 stock repurchase program.
Some investors are outraged, saying the company needs to buy growth not its own stock. Nonetheless, shares are up 2 percent to $16.75 on the news.
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The new plan is on top of the remaining $162.2 million under the 2010 stock repurchase program.
Some investors are outraged, saying the company needs to buy growth not its own stock. Nonetheless, shares are up 2 percent to $16.75 on the news.
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