Stride Approves Stock Repurchase Program Of Up To $500 Mln

(RTTNews) - Stride, Inc. (LRN) Monday announced the approval of a stock repurchase program that authorizes the repurchase of up to $500 million of shares until October 31, 2026.

"Stride's Board of Directors and management team remain confident in the Company's long-term outlook and believes in the investments we are making to upgrade our learning and technology platforms. Demand for our products and services remains strong, and industry demand and trends around online education continue to grow," said James Rhyu, Chief Executive Officer and Board Chair. "Our new share authorization underscores our belief and will allow the Company to repurchase shares at attractive prices. Stride is bolstered by strong cash flow and a robust balance sheet, and will continue to allocate capital to our most attractive growth opportunities to create long term value for shareholders."