PowerFleet Inc. (NASDAQ:AIOT) is one of the best 11 small-cap software infrastructure stocks to buy now.
On June 30, PowerFleet Inc. (NASDAQ:AIOT) shared that the company has received Board approval for a $30 million share buyback program, which could be executed over the course of the next 2 years. As a component of the company's capital allocation strategy, this repurchase program offers flexibility to buy back shares periodically, depending on several underlying factors.
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These factors include the company's strategic priorities, ongoing financial position, legalities, and other corporate concerns. The authorization might as well be adjusted, deferred, or dismissed at the company's discretion and does not put the company under any compulsion to repurchase a certain number of shares.
Back on May 27, Powerfleet Inc. (NASDAQ:AIOT) disclosed a strategic collaboration with Accenture to expand intelligent safety technologies in Central Europe. Under this collaboration, Accenture has chosen Powerfleet as its strategic partner for safety solutions.
On June 30, PowerFleet Inc. (NASDAQ:AIOT) shared that the company has received Board approval for a $30 million share buyback program, which could be executed over the course of the next 2 years. As a component of the company's capital allocation strategy, this repurchase program offers flexibility to buy back shares periodically, depending on several underlying factors.
alphaspirit/Shutterstock.com
These factors include the company's strategic priorities, ongoing financial position, legalities, and other corporate concerns. The authorization might as well be adjusted, deferred, or dismissed at the company's discretion and does not put the company under any compulsion to repurchase a certain number of shares.
Back on May 27, Powerfleet Inc. (NASDAQ:AIOT) disclosed a strategic collaboration with Accenture to expand intelligent safety technologies in Central Europe. Under this collaboration, Accenture has chosen Powerfleet as its strategic partner for safety solutions.
3 months ago
