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Cyberonics, Inc. (NAS:CYBX)
3-Year Buyback Ratio
0.80 (As of Jan. 2014)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

CYBX' s 10-Year Buyback Ratio Range
Min: 0.8   Max: -22.5
Current: 0.8

During the past 13 years, Cyberonics, Inc.'s highest 3-Year Average Share Buyback Ratio was -22.50. The lowest was 0.80. And the median was -4.10.

CYBX's Buyback Ratiois ranked higher than
91% of the 270 Companies
in the Global Medical Devices industry.

( Industry Median: -1.30 vs. CYBX: 0.80 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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