Riskified (RSKD) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Riskified has posted record quarterly free cash flows, prompting its board to approve an additional $75 million share repurchase program. The company, a leader in e-commerce fraud prevention, has seen significant business growth across key verticals and geographies, with a notable increase in revenue and gross profit margins. This financial strength is reflected in improved guidance for fiscal year 2024, underlining Riskified’s commitment to profitable growth and shareholder value enhancement.
For further insights into RSKD stock, check out TipRanks’ Stock Analysis page.
