Needham Assigns a Hold Rating on Extreme Networks (EXTR)


Needham analyst Alex Henderson assigned a Hold rating to Extreme Networks (EXTR) today. The company’s shares closed last Wednesday at $5.09.

According to TipRanks.com, Henderson is a top 100 analyst with an average return of 22.3% and a 62.1% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and Forescout Technologies.

Currently, the analyst consensus on Extreme Networks is a Strong Buy with an average price target of $6.17.

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The company has a one-year high of $8.21 and a one-year low of $1.43. Currently, Extreme Networks has an average volume of 1.32M.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EXTR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Extreme Networks, Inc. engages in providing software driven networking solutions for enterprise, data center, and service provider customers. It designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls. Its products include ExtremeApplications, ExtremeSwicthing, ExtremeRouting and ExtremeMobiliy. The company was founded in May 1996 and is headquartered in San Jose, CA.

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