other material
confidence high
sentiment positive
materiality 0.60
Palo Alto Networks Board approves additional $316.7M stock buyback authorization
Palo Alto Networks Inc
- New $316.7M repurchase authorization increases existing $3.3B program; ~$683.3M remained as of Oct 31, 2023.
- Authorization expires Dec 31, 2024; shares may be repurchased via open market, private deals, or 10b5-1 plans.
- Company had ~315.3M shares outstanding as of Nov 10, 2023; repurchases funded from working capital.