Extreme Networks (EXTR)

• Market cap: $2.34B
• 1 day: 0.11%
• 5 days: -1.83%
• 1 month: 14.97%
• 3 months: 15.80%
• 6 months: 43.30%
• Year to date: -0.39%
• 1 year: 0.57%
• 5 years: 137.17%
• 10 years: 414.20%
• Sector: Information Technology
• Industry: Computer Communications Equipment

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

• Low target: $21 18% upside
• Avg. target: $22 21% upside
• High target: $23 27% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

Rosenblatt Mike Genovese 77% 1-year accuracy 27 / 35 met price target	18% upside $21	Buy Maintained	6 Nov 2024
B. Riley Securities Dave Kang 63% 1-year accuracy 10 / 16 met price target	18% upside $21	Buy Maintained	31 Oct 2024
Craig-Hallum Christian Schwab 62% 1-year accuracy 21 / 34 met price target	27% upside $23	Buy Maintained	31 Oct 2024