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 software-driven networking solutions for enterprise, data center, and service provider customers. 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 the software for network management, policy, analytics, security, and access controls. Co.'s product categories include: Smart OmniEdge wireless and edge switching, Automated Campus, data center, unified applications, and cloud-based network management.
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Avg. Broker Rec.
 
|
Buy (3.00 out of 4) 40th percentile
(ranked lower than approx. 60% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
