Read as much as you want on, anywhere and anytime, for just 99¢.

Mass. movers

Acme Packet rises on buyback

Andrew D. Ory is the CEO and president of Acme Packet.

Essdras M Suarez/Globe staff/File

Andrew D. Ory is the CEO and president of Acme Packet.

Continue reading below

Shares of Bedford-based Acme Packet Inc. rose after the networking gear maker’s board approved a plan to buy back up to $200 million of its common stock. The program goes into effect on July 31, and will run through July 31, 2013, unless it is terminated by the board, the company said. Acme Packet said in a statement it had $401.3 million in cash and equivalents and about 68.3 million common shares outstanding as of March 31.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of