NetApp Authorizes Additional $1 Billion Stock Repurchase Program

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The program, approved on March 17, has no expiration date, and stock repurchases may be implemented through open market repurchases in compliance with Rule 10b-18 under the Securities Exchange Act of 1934.

In its latest quarter (Q3), NetApp returned $236 million to shareholders in share repurchases and cash dividends.

By Davit Kirakosyan