Needham Issues a Hold Rating on Extreme Networks (EXTR)

In a report released today, Alex Henderson from Needham assigned a Hold rating to Extreme Networks (EXTRResearch Report). The company’s shares closed last Wednesday at $4.61.

According to TipRanks.com, Henderson is a 5-star analyst with an average return of 20.9% and a 55.5% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and CrowdStrike Holdings.

Extreme Networks has an analyst consensus of Moderate Buy, with a price target consensus of $8.25.

See today’s analyst top recommended stocks >>

The company has a one-year high of $8.00 and a one-year low of $1.43. Currently, Extreme Networks has an average volume of 1.04M.

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.