Box Expands Share Buyback Program By $500 Mln

Box's board authorized an expansion of its share repurchase program. The buyback authorization is mildly positive for shareholder returns and could support EPS and the stock in the near term, though the announcement provided no dollar amount or timing details.

Analysis

Box's board authorized an expansion of its share repurchase program. The buyback authorization is mildly positive for shareholder returns and could support EPS and the stock in the near term, though the announcement provided no dollar amount or timing details.