Lake Street analyst Eric Martinuzzi raised the firm’s price target on Extreme Networks (EXTR) to $33 from $27 and keeps a Buy rating on the shares following quarterly results. The firm notes Extreme reiterated its outlook for mid-teens growth in FY24 and FY25, with share gains coming from its larger competitors. The company’s cloud-friendly fabric remains differentiated versus Cisco (CSCO) and HP Enterprise (HPE), Lake Street says, highlighting that Extreme is winning accounts such as Kroger (KR) because it is able to offer a comprehensive view of all network-attached equipment.
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