Juniper Networks Inc. (NYSE: JNPR) reported Tuesday that its board approved a plan to buy back up to $1 billion of its shares, according to Associated Press.
The networking equipment company said it has repurchased about $732 million of its stock under an earlier $1 billion buyback plan the board approved in 2008.
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As of Nov. 2 of last year, Juniper had about 525.4 million shares outstanding, according to a regulatory filing.
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