Extreme Networks Inc. (EXTR) Soars 5.04%

Extreme Networks Inc. (EXTR) Soars 5.04%

Extreme Networks Inc. (EXTR) had a good day on the market for Friday October 04 as shares jumped 5.04% to close at $7.30. About 1.76 million shares traded hands on 9,890 trades for the day, compared with an average daily volume of n/a shares out of a total float of 121.37 million. After opening the trading day at $6.96, shares of Extreme Networks Inc. stayed within a range of $7.33 to $6.94.

With today’s gains, Extreme Networks Inc. now has a market cap of $886.01 million. Shares of Extreme Networks Inc. have been trading within a range of $8.59 and $4.81 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Extreme Networks provides software-driven networking services for enterprise customers. Its products include wired and wireless network infrastructure equipment and software for network management, policy, analytics, and access controls. It offers high-density Wi-Fi, centralized management, cloud-based network management, and application analytics capabilities. Roughly half of the firm’s revenue is generated in the Americas, with the rest coming from Europe, the Middle East, Africa, and Asia-Pacific.

Extreme Networks Inc. is based out of San Jose, CA and has some 2,713 employees. Its CEO is Edward B. Meyercord.

Extreme Networks Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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