Paradigm Capital Management Incny buys $21.6 Million stake in Extreme Networks Inc (EXTR)

Extreme Networks Inc (EXTR) : Paradigm Capital Management Incny scooped up 1,212,053 additional shares in Extreme Networks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 6,392,900 shares of Extreme Networks Inc which is valued at $21.6 Million.Extreme Networks Inc makes up approximately 2.81% of Paradigm Capital Management Incny’s portfolio.

Other Hedge Funds, Including , Emancipation Management reduced its stake in EXTR by selling 123,406 shares or 23.49% in the most recent quarter. The Hedge Fund company now holds 401,963 shares of EXTR which is valued at $1.4 Million. Extreme Networks Inc makes up approx 1.72% of Emancipation Management’s portfolio.Blackrock Investment Management reduced its stake in EXTR by selling 548 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 380,480 shares of EXTR which is valued at $1.3 Million.Schwab Charles Investment Management Inc boosted its stake in EXTR in the latest quarter, The investment management firm added 65,828 additional shares and now holds a total of 409,325 shares of Extreme Networks Inc which is valued at $1.4 Million.Nationwide Fund Advisors boosted its stake in EXTR in the latest quarter, The investment management firm added 107,116 additional shares and now holds a total of 672,549 shares of Extreme Networks Inc which is valued at $2.3 Million. Extreme Networks Inc makes up approx 0.01% of Nationwide Fund Advisors’s portfolio.California Public Employees Retirement System boosted its stake in EXTR in the latest quarter, The investment management firm added 177,600 additional shares and now holds a total of 685,600 shares of Extreme Networks Inc which is valued at $2.3 Million.

Extreme Networks Inc opened for trading at $3.47 and hit $3.53 on the upside on Friday, eventually ending the session at $3.51, with a gain of 1.74% or 0.06 points. The heightened volatility saw the trading volume jump to 5,62,965 shares. Company has a market cap of $367,866 M.

On the company’s financial health, Extreme Networks Inc reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.02. The company had revenue of $125.30 million for the quarter, compared to analysts expectations of $122.81 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

Extreme Networks Inc. together with its subsidiaries is a provider of wired and wireless network infrastructure equipment software and services for enterprises data centers and service providers. The Company sells its products through an ecosystem of the Company channel partners who combine its Ethernet products with their offerings to create information technology solutions for end user customers. Its product categories include modular Ethernet switching systems stackable Ethernet switching systems high-density wireless fidelity (WiFi) centralized management software network access control (NAC) and bring your own device (BYOD) management application analytics and software-defined networking (SDN). The Company’s customers include businesses hospitals hotels universities sports venues telecommunications companies and government agencies around the world.

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