DeWITT — The board of directors at Anaren, Inc. (NASDAQ: ANEN) increased the company’s stock buyback authorization on Friday.
The board approved the repurchase of up to an additional 1.5 million shares. That is in addition to the 40,000 shares remaining from the board’s previous authorization in May.
Anaren shares were trading at $18.70 around noon today, up 15 cents.
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DeWitt–based Anaren employs about 800 people. The company develops and manufactures components and subsystems for markets including satellite communications, defense, and wireless communications.
Anaren has locations in the Syracuse area, New Hampshire, Colorado, and China.
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