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Posted On: 08/03/2018 11:17:54 PM
Post# of 82676
In Feb 2018 Cisco increased the amount of their stock repurchase program to 25 B with no end date.
From the Cisco 1quarter 10 Q filed 5/22/2018.
In September 2001, the Company’s Board of Directors authorized a stock repurchase program. On February 14, 2018, the Company’s Board of Directors authorized a $25 billion increase to the stock repurchase program. As of April 28, 2018, the remaining authorized amount for stock repurchases under this program, including the additional authorization, is approximately $25.1 billion, with no termination date. A summary of the stock repurchase activity for fiscal year 2018 and 2017 under the stock repurchase program, reported based on the trade date, is summarized as follows (in millions, except per-share amounts):
Quarter Ended
Shares
Weighted-Average Price per Share
Amount
Fiscal 2018
April 28, 2018
140
$
42.83
$
6,015
January 27, 2018
103
$
39.07
$
4,011
October 28, 2017
51
$
31.80
$
1,620
Fiscal 2017
July 29, 2017
38
$
31.61
$
1,201
April 29, 2017
15
$
33.71
$
503
January 28, 2017
From the Cisco 1quarter 10 Q filed 5/22/2018.
In September 2001, the Company’s Board of Directors authorized a stock repurchase program. On February 14, 2018, the Company’s Board of Directors authorized a $25 billion increase to the stock repurchase program. As of April 28, 2018, the remaining authorized amount for stock repurchases under this program, including the additional authorization, is approximately $25.1 billion, with no termination date. A summary of the stock repurchase activity for fiscal year 2018 and 2017 under the stock repurchase program, reported based on the trade date, is summarized as follows (in millions, except per-share amounts):
Quarter Ended
Shares
Weighted-Average Price per Share
Amount
Fiscal 2018
April 28, 2018
140
$
42.83
$
6,015
January 27, 2018
103
$
39.07
$
4,011
October 28, 2017
51
$
31.80
$
1,620
Fiscal 2017
July 29, 2017
38
$
31.61
$
1,201
April 29, 2017
15
$
33.71
$
503
January 28, 2017
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All the information I post here is my opinion and is not advice to buy or sell a stock..Do your DD and research...GLTA
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