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Pitney Bowes ( (PBI) ) just unveiled an update.
On February 11, 2025, Pitney Bowes announced a new $150 million share repurchase program replacing its previous program from 2019, potentially impacting its market positioning by utilizing cash on hand for the repurchases. Additionally, Pitney Bowes appointed Bob Gold as the new Chief Financial Officer, effective March 10, 2025, following an extensive search for a leader with expertise in business transformation and financial operations. This strategic move aims to enhance the company’s value creation efforts, with CEO Lance Rosenzweig expressing optimism about the future under Gold’s leadership.
More about Pitney Bowes
Pitney Bowes (NYSE: PBI) is a technology-driven company providing SaaS shipping solutions, mailing innovation, and financial services globally. It serves a diverse range of clients, including over 90 percent of the Fortune 500, helping reduce the complexity of sending mail and parcels.
YTD Price Performance: 21.05%
Average Trading Volume: 1,919,876
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.6B
For an in-depth examination of PBI stock, go to TipRanks’ Stock Analysis page.
