Extreme Networks (EXTR) Gets a Buy from Rosenblatt Securities

Rosenblatt Securities analyst Michael Genovese maintained a Buy rating on Extreme Networks (EXTRResearch Report) today and set a price target of $22.00. The company’s shares opened today at $15.81.

Genovese covers the Technology sector, focusing on stocks such as Extreme Networks, Infinera, and Adtran. According to TipRanks, Genovese has an average return of 11.3% and a 56.63% success rate on recommended stocks.

Currently, the analyst consensus on Extreme Networks is a Strong Buy with an average price target of $19.00, implying a 20.18% upside from current levels. In a report released today, Needham also reiterated a Buy rating on the stock with a $20.00 price target.

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The company has a one-year high of $16.61 and a one-year low of $8.49. Currently, Extreme Networks has an average volume of 1.16M.

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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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