Craig-Hallum raised the firm’s price target on Extreme Networks (EXTR) to $22.50 from $17 and keeps a Buy rating on the shares. The firm notes Extreme reported solid results as the company is seeing a gradual improvement in customer demand, as expected, following significant supply chain disruptions driven by COVID-related order levels and the corresponding digestion period. With an outlook for continued improvement from here, Craig-Hallum believes the company is well positioned.
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Read More on EXTR:
- Extreme Networks price target raised to $21 from $18 at B. Riley
- Extreme Networks Exceeds Expectations with Strong Q1 Performance
- Extreme Networks sees Q2 EPS 16c-20c, consensus 18c
- Extreme Networks raises FY25 revenue view to $1.12B-$1.14B from $1.11B-$1.14B
- Extreme Networks reports Q1 EPS 17c, consensus 12c