Loomis Sayles & Co L P Adds $7M in Extreme Networks, Inc. ($EXTR)
Key Points
- Loomis Sayles & Co L P changed its Extreme Networks, Inc. ($EXTR) stake by 9.1% last quarter, boosting to 2,715,683 shares worth $84.38 million.
- Wall Street's consensus rating on $EXTR is Strong Buy and an average price target of $27.94.
- $EXTR last traded around $31.07.
Loomis Sayles & Co L P increased its position in Extreme Networks, Inc. ($EXTR) by 9.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,715,683 shares of Extreme Networks, Inc. after buying 227,535 shares during the quarter. Loomis Sayles & Co L P's holdings in Extreme Networks, Inc. were worth $84.38 million as of its most recent filing.
Extreme Networks, Inc. ($EXTR) Stock
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About Extreme Networks, Inc.
Extreme Networks, Inc., together with its subsidiaries, develops, markets, and sells network infrastructure equipment and related software in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers ExtremeCloud IQ, an ML/AI powered, wired and wireless cloud network management solution that offers advanced visibility and control over users, devices, and applications; ExtremeCloud IQ-Site Engine, which provides task automation, access control, granular visibility with real-time analytics and multi-vendor device management; and ExtremeCloud IQ Essentials that offers wireless intrusion prevention system, location services, and guest management services. It also provides wireless local area networks access point products; wired for edge, campus, and data center solutions through Extreme Switching that offers access edge products, such as connection speeds for physical presentations along with options to deliver Ethernet or convergence-friendly power-over-ethernet; and ExtremeCloud SD-WAN, a software-defined wide area networks solution offering an all-inclusive subscription, which includes hardware, the cloud-based SD-WAN service, support and maintenance, and customer success support; and ExtremeCloud Universal ZTNA, a network access security solution. In addition, the company offers cloud native platforms and applications; and customer services and support, including post-sale support, consultative, customized training and operational manuals, and education classes. It serves mid-market and enterprise customers, as well as service providers in the sports and entertainment venues, hospitality, retail, transportation and logistics, education, government, healthcare, and manufacturing industries. The company sells its products through original equipment manufacturers and strategic relationships, distributors, resellers, and field sales. Extreme Networks, Inc., was incorporated in 1996 and is headquartered in Morrisville, North Carolina.
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