JFrog Ltd (NASDAQ:FROG) shares are up on Thursday following the announcement of a $300 million share repurchase program. This move reflects the company’s confidence in its strategy and growth potential, adding pressure as broader markets edged lower.
• JFrog stock is showing exceptional strength. Why are FROG shares rallying?
JFrog Announces $300M Share Buyback
JFrog’s board has authorized a share repurchase program of up to $300 million, signaling confidence in the company’s financial position and long-term growth outlook. The buyback will be funded through cash on hand and future operating cash flow.
The company may repurchase shares through open market purchases or privately negotiated transactions, underscoring its focus on returning capital to shareholders while preserving flexibility for strategic investments.