Market Overview

UPDATE: Raymond James Initiates Coverage on Extreme Networks Following Enterasys Acquisition

Related EXTR
25 Stocks Moving In Tuesday's Pre-Market Session
Mid-Afternoon Market Update: Extreme Networks Surges After Strong Q4 Results; Dicks Sporting Goods Shares Slide

In a report published Thursday, Raymond James analyst Simon Leopold initiated coverage on Extreme Networks (NASDAQ: EXTR) with an Outperform rating and $8.00 price target.

In the report, Raymond James noted, “We are initiating coverage on Extreme Networks with an Outperform rating and an $8.00 price target. The acquisition of Enterasys (closed in F2Q14) creates potential for meaningful accretion and makes this primarily a value investment, yet the path to achieving synergy targets may be lumpy in the near term. Further upside stems from several opportunities including partnerships with Lenovo and Ericsson, under-appreciated products like the new core switch, and product synergies such as enterprise wireless (i.e., WLAN).”

Extreme Networks closed on Wednesday at $5.54.

Latest Ratings for EXTR

Sep 2016DA DavidsonUpgradesNeutralBuy
Sep 2016Buckingham ResearchMaintainsNeutral
Feb 2016NeedhamUpgradesHoldBuy

View More Analyst Ratings for EXTR
View the Latest Analyst Ratings

Posted-In: Raymond James Simon LeopoldAnalyst Color Initiation Analyst Ratings


Related Articles (EXTR)

View Comments and Join the Discussion!