Spirent Communications (LSE:SPT) 3-Year Share Buyback Ratio : 1.70% (As of Dec. 2024)

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What is Spirent Communications 3-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Spirent Communications's current 3-Year Share Buyback Ratio was 1.70%.

The historical rank and industry rank for Spirent Communications's 3-Year Share Buyback Ratio or its related term are showing as below:

LSE:SPT' s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -12.5 Med: 0.3 Max: 11.3
Current: 1.7

During the past 13 years, Spirent Communications's highest 3-Year Share Buyback Ratio was 11.30%. The lowest was -12.50%. And the median was 0.30%.

LSE:SPT's 3-Year Share Buyback Ratio is ranked better than
92.44% of 2077 companies
in the Software industry
Industry Median: -1.8 vs LSE:SPT: 1.70

Competitive Comparison of Spirent Communications's 3-Year Share Buyback Ratio

For the Software - Infrastructure subindustry, Spirent Communications's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Spirent Communications's 3-Year Share Buyback Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Spirent Communications's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Spirent Communications's 3-Year Share Buyback Ratio falls into.

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Spirent Communications 3-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Spirent Communications (LSE:SPT) 3-Year Share Buyback Ratio 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.

Spirent Communications 3-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Spirent Communications's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Spirent Communications Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Spirent Communications PLC (LSE:SPT) » Definitions » 3-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

SPNUF:USA SPMYY:USA SPTl:UK BW8:Germany

Address

108 High Street, Origin One, Crawley, West Sussex, GBR, RH10 1BD

Website

https://corporate.spirent.com

Spirent Communications PLC provides communications technologies, including networks, data centers, mobile communications, and the Internet of Things. The company operates in Networks and Security and Lifecycle Service Assurance segments. The majority of the company's revenue is derived from the Networks and Security segment, which comprises developing test methodologies, tools, and services for virtualized networks, cloud, and artificial intelligence networking infrastructure, application performance, and proactive security validation.