Extreme NetworksEXTR
About: Extreme Networks Inc provides cloud networking solutions and industry services and support. Extreme designs, develops, and manufactures wired, wireless, and software-defined wide area-network (SD- WAN) infrastructure equipment, software and cloud-based network management solutions. The company's cloud solution is a single platform that offers unified network management of wireless access points, switches, and SD-WAN. The company operates in a single segment which develops and markets network infrastructure equipment. Roughly half of the firm's revenue is generated in the Americas, with the rest coming from Europe, the Middle East, Africa, and Asia-Pacific.
Employees: 2,656
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
57% more call options, than puts
Call options by funds: $7.43M | Put options by funds: $4.75M
5% more capital invested
Capital invested by funds: $1.71B [Q2] → $1.79B (+$83.6M) [Q3]
5% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 41
1% more funds holding
Funds holding: 254 [Q2] → 256 (+2) [Q3]
6.3% less ownership
Funds ownership: 97.76% [Q2] → 91.47% (-6.3%) [Q3]
26% less repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 96
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Rosenblatt Mike Genovese 78% 1-year accuracy 28 / 36 met price target | 19%upside $21 | Buy Maintained | 6 Nov 2024 |
B. Riley Securities Dave Kang 69% 1-year accuracy 11 / 16 met price target | 19%upside $21 | Buy Maintained | 31 Oct 2024 |
Craig-Hallum Christian Schwab 56% 1-year accuracy 19 / 34 met price target | 28%upside $23 | Buy Maintained | 31 Oct 2024 |
Financial journalist opinion
Based on 14 articles about EXTR published over the past 30 days