Extreme Networks downgraded to Neutral from Buy at Rosenblatt

Rosenblatt analyst Mike Genovese downgraded Extreme Networks to Neutral from Buy with a price target of $15, down from $19. The company’s earnings report “was a mix of good and bad news with a more bad than good,” the analyst tells investors in a research note. The rating change is because the firm does not see exciting near-term catalysts in the enterprise unified access and cloud space.