Extreme Networks (EXTR) option implied volatility elevated into Q3 and outlook

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Extreme Networks (EXTR) PT Lowered to $12.50 at Needham & Company

May 9, 2018 8:18 AM EDT

Needham & Company lowered its price target on Extreme Networks (NASDAQ: EXTR) to $12.50 (from $15.50) while maintaining a Buy rating following the company's 1Q. Extreme reported weaker than expected numbers. Revenues came in light and GMs were below expectations. Guide was weaker than expected... More