WR Hambrecht upgrades Extreme Networks (EXTR) to Buy

Wow! After a long time, the extreme shares are finally seeing light again :). The market is beginning to look at EXTR as promising again. There was a time when EXTR share value was $ 124.00, I guess those times are gone for the whole industry. But, I would really wish the share to be at par with that of other players in the field. I guess, things are looking up now. And its hightime! After all, we have such a wonderful range of products like our BlackDiamond series and our own OS – ExtremeXOS!

WR Hambrecht upgrades Extreme Networks Inc. (Nasdaq: EXTR) from Hold to Buy with a $6.50 price target, citing early sings of an “extreme makeover” and compelling risk/reward.

The firm said, “we believe that under the new leadership of CEO Mark Canepa, the Company is at the brink of resuming a growth trajectory. Our recent meeting with CEO Mark Canepa reinforced this notion due to several actions Canepa has taken, including 1) focusing on key verticals; 2) realigning the product groups; 3) de-layering the management structure and adding key hires; and 4) reinvigorating the North American sales organization.”

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