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Akamai Technologies, Inc. Message Board

  • gennie135 gennie135 Feb 11, 2013 10:18 AM Flag

    AKAM company buys back $150million of stock

    From....the Conference call..........During the quarter, we spent $30 million on share repurchases, buying back about 800,000 shares at an average price of $37.50. For the full year, we spent $141 million, buying back over 4 million shares at an average price of $32.50. We are also pleased to announce that our board has authorized an extension of our share repurchase program, authorizing an additional $150 million over the next 12 months, effective February 1. As with our existing program, we intend to fund it out of our cash generation, with a primary goal to offset dilution from ongoing equity grants.......

    Sentiment: Strong Buy

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