Vistance Networks authorizes $150 million share buyback program

Richardson, Texas - Vistance Networks has authorized an additional $150 million for its share repurchase program, the company announced in a press release. The intelligent network solutions provider can make repurchases from time to time on the open market, through private transactions, block trades, or trading plans that comply with certain rules.

Chuck Treadway, Vistance Networks' President and CEO, said the expanded authorization is part of the company's disciplined capital allocation approach. The company will continue to assess share repurchases alongside other strategic uses of capital and will act when it believes the repurchases offer good value for shareholders. The timing and amount of any repurchases will depend on various factors, including stock price, market conditions, legal requirements, and alternative investment options.

The share repurchase program doesn't obligate the company to buy a specific amount of stock and can be paused, altered, or cancelled at any time without prior notice. Vistance Networks operates globally, offering network solutions.