Web.com (WWWW) Announces $20M Buyback
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Web.com (Nasdaq: WWWW) authorized the repurchase of up to $20 million of the Company's outstanding common shares over the next eighteen months.
Chairman and CEO David Brown said, :With strong profitability margins, growing cash flow and confidence in our long-term growth strategy, we believe our stock repurchase plan is an excellent use of our cash at this time."
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