N-able announces up to $75M share repurchase program

N-able (NABL) announced that its Board of Directors has approved a share repurchase program authorizing the company to repurchase up to an aggregate of $75 million of shares of its common stock. “We believe strongly in the opportunities ahead for N-able and our potential to create long-term value for our shareholders as we execute on our strategic vision,” said N-able president and CEO John Pagliuca. “The share repurchase program provides us with additional capital allocation alternatives while still allowing us to invest for long term growth.” Under the program, shares may be repurchased from time to time on the open market or privately negotiated transactions at the company’s discretion, subject to market conditions and other factors, and in accordance with applicable regulatory requirements. The company may commence, suspend or discontinue purchases of its common stock at any time or periodically without prior notice. The authorization has no expiration date.