Extreme Networks, Inc Buyback
OLI recorded this information on 2/6/2020
Company:
Extreme Networks, Inc
Buyback:
EXTR buyback
$Amount Authorized:
$100,000,000
Buyback Details:
Extreme Networks, Inc (Nasdaq: EXTR) ("Extreme" or "Company"), a cloud-driven networking company, today announced that the Board of Directors authorized an increase to Extreme's share repurchase authorization to $100 million over a three-year period. In October 2018, the Board authorized a share repurchase of $60 million over a two-year period. To date, the Company has repurchased $45 million and is now replacing the remaining $15 million authorization with the increased amount.
Extreme Networks, together with its subsidiaries, is a provider of cloud-driven networking solutions for enterprise, data center, and service provider customers. In providing a combined end-to-end solution from the enterprise edge to the cloud, Co. designs, develops, and manufactures wired and wireless network infrastructure equipment and develops a cloud networking platform and application portfolio using cloud management, machine learning, and artificial intelligence to deliver analytics, security, and access controls. Co.'s product categories include 4th Generation Cloud Networking Platform; Automation, Analytics, and Security Applications; and Wireless Local Area Networks Access Points.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 30th percentile
(ranked lower than approx. 70% of all stocks covered)
Analysts' Target Price: EXTR Stock Forecast Based on Zacks ABR data; powered by Xignite |
