{"id":11058,"date":"2023-12-03T19:20:35","date_gmt":"2023-12-03T19:20:35","guid":{"rendered":"https:\/\/connectwithfund.com\/investment\/palo-alto-networks-gets-ok-to-repurchase-more-stock\/"},"modified":"2023-12-03T19:20:35","modified_gmt":"2023-12-03T19:20:35","slug":"palo-alto-networks-gets-ok-to-repurchase-more-stock","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=11058","title":{"rendered":"Palo Alto Networks gets OK to repurchase more stock"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002743071\" role=\"document\">\n<p>Cybersecurity firm Palo Alto Networks Inc.<br \/>\n        PANW,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207599953\/composite\" class=\"positive\">+0.36%<\/bg-quote><br \/>\n       said in a filing Friday said that its board has approved the repurchase of up to an extra $316.7 million of the company\u2019s stock. The OK from the board represents an increase to the company\u2019s existing $3.3\u00a0billion buyback program, which was first approved in 2019 and later extended, Palo Alto said. Roughly $683.3\u00a0million of that was still available as of Oct. 31. The repurchase authorization period has been extended and will expire on Dec. 31, 2024. The company said that authorization \u201cmay be suspended or discontinued by the company at any time without prior notice.\u201d Shares were down 0.2% after hours on Friday. <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/palo-alto-networks-gets-ok-to-repurchase-more-stock-12a065b0?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cybersecurity firm Palo Alto Networks Inc. PANW, +0.36% said in a filing Friday said that its board has approved the repurchase of up to an extra $316.7 million of the company\u2019s stock. The OK from the board represents an increase to the company\u2019s existing $3.3\u00a0billion buyback program, which was first approved in 2019 and later extended, Palo Alto said. Roughly $683.3\u00a0million of that was still available as of Oct. 31. The repurchase authorization period has been extended and will expire on Dec. 31, 2024. The company said that authorization \u201cmay be suspended or discontinued by the company at any time<\/p>\n","protected":false},"author":1,"featured_media":1090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-11058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Palo Alto Networks gets OK to repurchase more stock | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"Cybersecurity firm Palo Alto Networks Inc. 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