Extreme NetworksEXTR
Market Cap: $1.79B
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 Q2 SEC filings by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 3 (+2) [Q2]
63% more call options, than puts
Call options by funds: $8.45M | Put options by funds: $5.19M
18% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 82
16% more capital invested
Capital invested by funds: $1.42B [Q1] → $1.65B (+$233M) [Q2]
0.92% less ownership
Funds ownership: 95.31% [Q1] → 94.39% (-0.92%) [Q2]
6% less funds holding
Funds holding: 269 [Q1] → 252 (-17) [Q2]
29% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 58
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Craig-Hallum Christian Schwab 37% 1-year accuracy 11 / 30 met price target | 24%upside $17 | Buy Maintained | 8 Aug 2024 |
Needham Alex Henderson 68% 1-year accuracy 63 / 92 met price target | 20%upside $16.50 | Buy Reiterated | 8 Aug 2024 |
Needham Alex Henderson 68% 1-year accuracy 63 / 92 met price target | 20%upside $16.50 | Buy Reiterated | 10 Jun 2024 |
Financial journalist opinion
Based on 344 articles about EXTR published over the past 30 days