Juniper Networks (JNPR) Raises Share Buyback Authorization to $1.9B (from $900M)

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Go back to Juniper Networks (JNPR) Raises Share Buyback Authorization to $1.9B (from $900M)

Juniper Networks Announces Increased Stock Buyback Authorization

October 24, 2019 4:15 PM EDT

SUNNYVALE, Calif., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today announced that its Board of Directors has approved a $1 billion stock buyback authorization increase, adding to the existing buyback authorization, which has $900 million remaining for a total of $1.9 billion. Juniper plans to enter a $200 million accelerated share repurchase program (ASR) in Q4 2019 and intends to continue to be opportunistic with its share repurchases thereafter.

Our increased stock buyback authorization reinforces our ongoing commitment to delivering total shareholder value, said Ken Miller, chief financial officer,... More