|Bid||4.1200 x 1100|
|Ask||4.1300 x 1000|
|Day's Range||4.1100 - 4.1980|
|52 Week Range||1.4300 - 8.5000|
|Beta (5Y Monthly)||1.67|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.25|
In this article we will take a look at whether hedge funds think Extreme Networks, Inc (NASDAQ:EXTR) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]
Cognex (CGNX) saw a big move last session, as its shares jumped 6% on the day, amid huge volumes.
Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced it is partnering with colleges and universities around the world to deliver Extreme Academy, an academic curriculum designed to educate aspiring IT professionals on networking, security, and cloud fundamentals, as well as machine learning and artificial intelligence. Students who complete the courses can earn an Extreme Networks Associate level qualification, giving them a head start in the high-growth technology industry and arming them with real-world skillsets to drive digital transformation in the jobs of tomorrow.
Extreme Networks, Inc. (Nasdaq: EXTR) a cloud-driven networking company, today announced ExtremeCloud IQ is fully operationalized to run on Amazon Web Services, Google Cloud Platform, and Microsoft Azure. With today's announcement, Extreme Networks solidifies its first mover position by being the only cloud networking company concurrently operating ISO/IEC 27001 certified cloud management implementations across major public cloud platforms, as well as in private and on-premises clouds, providing customers with unprecedented flexibility and choice.
Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced Joe Vitalone has joined the company as Chief Revenue Officer. Joe has more than 35 years of experience in sales, marketing, and operations management. He has held senior sales and marketing positions at Mitel, ShoreTel, and Arrow Systems Integration, and most recently served as Chief Sales and Marketing Officer at Jemez Technology. As CRO at Extreme, Joe will oversee global sales, channel, and sales operations teams and report to Ed Meyercord, President and Chief Executive Officer.
Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced availability of new, pre-packaged connectivity kits to help sports and entertainment venues accelerate digital transformation efforts and safely bring fans back to stadiums, arenas, ballparks, and racetracks. The Event and Venue Operations (EVO) kits provide venue-optimized, high-density Wi-Fi 6 solutions that will support the rapid roll-out of digital ticketing and touchless payments.
In such a confused financial environment, investors are hard-pressed to find a market strategy that will bring positive results. The old saws may not be reliable. One way out of the quandary is to follow the insiders.These corporate officers have a vested interest in their own companies – they are responsible to shareholders for performance, and they are also shareholders themselves – so when they start buying large bundles of shares, investors should take note.TipRanks has the tools to help you do just that. The Insiders’ Hot Stocks page shows which stocks top insiders are most active on, for both purchases and sales. You can sort insider trades by a variety of filters, including trading strategy. We’ve done some of the legwork for you, and pulled up three stocks with recent informative buy-side transactions. Here are the results.Sutter Rock Capital (SSSS)First on our list is a stock in the financial sector, Sutter Rock Capital. This venture capital investment corporation provides capital backing for private companies, giving them access to funds for new projects. Sutter Rock’s portfolio includes investments in 22 companies, worth an aggregate $159.9 million. The insider moves over the past three months have all been informative buys. Most recently, Robert Birch, a >10% owner in the company, has been purchasing large blocs of stock. In June alone, Birch has bought 180,000 shares, paying a disclosed $1.15 million for the stock.Ladenburg analyst Jon Hickman notes that Sutter Rock’s portfolio is well-positioned to gain in current economic conditions: “…several of the top holdings are actually performing very well and even benefiting from the current environment. The education-related names (Course Hero, Clever, and Coursera) are leaders in online learning/education space which has become even more in demand with the shuttering of physical classrooms at all levels. Additionally, the services provided by both Palantir and Nextdoor have gained traction in the wake of the COVID outbreak.”Hickman’s $12.25 price target on the stock indicates a high upside potential of 85%, and supports his Buy rating. (To watch Hickman’s track record, click here)The analyst consensus on SSSS shares is a unanimous Strong Buy, based on 3 Buy ratings given in the last three months. Shares are priced at $6.5, and the average price target of $10.75 implies a strong upside of 65% for the coming year. (See Sutter Rock stock analysis on TipRanks)Extreme Networks (EXTR)Next up, Extreme Networks, is a tech company. Extreme Networks operates in the network infrastructure segment, designing, developing, and manufacturing the equipment for both wired and wireless networks, and developing software for network analytics, management, and security.Edward Kennedy, a director with Extreme Networks, has made the recent insider trades on this stock. In the past week, he has bought two blocs, totaling 150,000 shares worth $587,100. Kennedy’s total holding in EXTR is valued over $2.2 million, so these purchases were a significant percentage of his stake in the company.While network companies – especially those involved in wireless networks – found themselves in a strong position during the corona crisis, EXTR saw its stock and earnings drop sharply in Q1. Yet, analysts expect to see EXTR make a strong sequential gain in its next quarterly report.5-star analyst Christian Schwab of Craig-Hallum is optimistic on Extreme Networks’ prospects, and rates the stock a Buy. His $6 price target suggests the stock has room for 26% upside growth in the next 12 months. (To watch Schwab’s track record, click here)Supporting his thesis, Schwab writes, “Should the company experience a more accelerated “V-shaped” recovery and quickly return to a $1+ billion with continued modest topline growth and operating margins approaching management’s previously targeted 15% level, we calculate the business can drive annual EPS power approaching $1.00.” Overall, Extreme Networks has a Moderate Buy analyst consensus rating, based on 5 reviews which include 3 Buys and 2 Holds. The stock is selling for $4.75 after the market gyrations of recent months, and the $5.67 average price target indicates a possible 19% upside potential. (See Extreme Networks stock analysis on TipRanks)HP, Inc. (HPQ)Last on our list is an old name in the personal computer world, HP. Split off from Hewlett-Packard in 2015, HP has the parent company’s personal computer and printer divisions. HP is consistently in the top three vendors of personal computers, worldwide, measured by market share and sales volume; it was ranked second in 2019, with a 22% market share.Two insiders have made informative purchases here in June. Enrique Lores, President and CEO, bought 13,500 shares for over $207,000, while board member Robert Bennett picked up 67,000 shares for just over $1 million. Since the February market crash, HPQ has seen extreme volatility. Since mid-March, HPQ shares have been bouncing between $13 and $17, a significant drop from the stock’s February peak of $23. Despite the inconsistent share performance, HP management declared it’s third dividend of the fiscal year, to be payable in July. The payment, at 17.62 cents per share, gives a yield of 4%, more than double the average among tech sector peers.Amit Daryanani, 5-star analyst with Evercore ISI, sees HPQ with a stable niche, noting, “…demand rose during the quarter as some consumers upgraded home devices in light of remote work.” The analyst reiterated his Buy rating on the stock, along with a $21 price target implying a 20% one-year upside potential. (To watch Daryanani’s track record, click here)The Hold consensus rating on HPQ reflects both the stock’s volatility and analyst concerns over supply and distribution chain disruptions during the COVID-19 pandemic. Shares in HPQ are selling for $17.50, and the average price target of $17.92 indicates a minimal upside. To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced it has been named a "Game Changer" in the Sports Innovation Lab Power Play Index. The new market assessment is built from evaluating market data from January 2019 to Dec. 2019. The research identifies technology companies that are best positioned to deliver connectivity for fans and network solutions for stadiums and entertainment venues. Extreme is ranked as the only Game Changer in the index, which charts the top 10 technology providers that offer network connectivity solutions.
Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced its upcoming conference schedule for June:
COVID-19 has accelerated digital transformation efforts for organizations everywhere, driving rapid adoption of new cloud technologies to support remote working and online learning. In response, Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, has launched a NewNormal initiative to help all of its customers adapt to the transition. The NewNormal initiative is a comprehensive program that provides information and industry insights to help companies survive and thrive leveraging the industry's only 4th generation cloud management platform.
Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced it is the first to offer "unlimited data" to its cloud customers. Beginning July 1, all new ExtremeCloud IQ Pilot subscribers will have access to unlimited data for the lifetime of their subscriptions. Existing ExtremeCloud IQ subscribers will be upgraded to unlimited data in this calendar year. Extreme's unlimited data offering sets a new standard for access to cloud data and insights that is unmatched in the industry.
Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced Rancho California Water District, an essential public utility in Temecula, California, has deployed Extreme's networking solutions to connect and power its vast, 24/7 operations. Rancho Water delivers high-quality water and reclamation services to 155,000 customers across 150 square miles every day, and it prioritizes safety, redundancy, and reliability in its operations. Extreme provides a secure and resilient technology infrastructure and an effortless networking experience so the utility's small IT team can focus on delivering new applications and analytics-driven services for its growing customer base, rather than outages.
Ladies and gentlemen, thank you for standing by, and welcome to the Extreme Networks Q3 FY 2020 Financial Results Conference Call. With me today are Extreme Networks' President and CEO, Ed Meyercord; and CFO, Remi Thomas.
Extreme Networks (EXTR) delivered earnings and revenue surprises of 0.00% and -0.72%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Extreme Networks, Inc. ("Extreme") (Nasdaq: EXTR) today released financial results for its fiscal third quarter ended March 31, 2020.
Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today rescheduled it plans to release financial results for its third fiscal quarter ended March 31, 2020. The company will now announce after the close of the market on Monday, May 11, 2020, followed by an earnings conference call and webcast at 5pm ET. The change from Extreme's originally planned earnings date of May 6 reflects additional time required to complete certain quarter-end processes related to matters delayed by COVID-19. We remain on track to file our 10-Q by May 11.
Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced its upcoming conference schedule for May:
On Monday, Nvidia completed the $6.9 billion acquisition of Mellanox, a lesser-known but critically important provider of high-performance networking solutions. To me, it is evident that this acquisition — the largest ever done by Nvidia (NVDA) — instantly strengthens the company’s prospects for revenue growth and market-share gains as we enter the next phase of datacenter technology. Recall that the acquisition, announced more than a year ago, was part of a fiercely competitive bid with the likes of Intel and Xilinx.
State University of New York Chancellor Kristina M. Johnson today announced a system-wide esports tournament to help support student emergency funds amid the COVID-19 pandemic. Beginning next Monday, April 27, and lasting three weeks, The SUNY Chancellor Esports Challenge Co-Sponsored by Extreme Networks will offer a $20,000 prize pool. Participating students will represent their college with all winnings going to student emergency funds at those students' respective schools.
Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced it is proud to support the NFL Draft-A-Thon, the NFL's three-day virtual fundraiser that will benefit six charities – selected by the NFL Foundation – that are battling the spread of COVID-19 and delivering relief to millions in need.
Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, continues to proactively respond to the COVID-19 pandemic by supporting the operational vitality of our channel partners and the customers they serve. Now through September 30, 2020, Extreme will offer LEAP – the Lending Enablement & Assistance Program, to provide preferential financial terms for qualified channel partners across the Americas and Europe. LEAP also ensures current channel partners can maintain their existing competency certification levels through the balance of 2020 and provides access to an expanded portfolio of free online training options and other incentives.
COVID-19 has lowered expectations for Extreme Networks' third-quarter results, but the company says a new round of layoffs are not related to the pandemic.
Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced that Wes Durow has joined the company as Chief Marketing Officer. Wes has 25 years of marketing experience including deep cloud and networking domain expertise, most recently serving as the Chief Marketing Officer at Mitel for the last five years. Starting immediately, he will lead the channel, field, product, and digital marketing teams, reporting to Norman Rice, Chief Operating Officer.
In their own ways, enterprise hardware and software demand are coming under pressure, as is chip demand in some end-markets.