Cognyte Software Ltd. (CGNT) announced that its board of directors has approved a new share repurchase program authorizing the buyback of up to an additional $20 million in ordinary shares over the next 18 months through January 14, 2027.
The company completed the previous repurchase program by acquiring 2,094,538 ordinary shares for a total of $20 million. The board and management remain committed to creating shareholder value and are confident in the company’s growth prospects and cash generation capabilities.
Cognyte may repurchase shares periodically through open market purchases, funding these repurchases with cash on hand and ongoing cash flow. Any acquired shares will be available for general corporate purposes.
