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  • Extreme Networks, Inc. (NASDAQ:EXTR) to procure Aerohive Networks for approx $272 million

Extreme Networks, Inc. (NASDAQ:EXTR) to procure Aerohive Networks for approx $272 million

By on June 26, 2019 0

Extreme Networks, Inc. (NASDAQ:EXTR) is to acquire Aerohive Networks (NYSE: HIVE) for approximately $272 million. The two companies have entered into a definitive agreement under which Extreme will acquire the outstanding shares of common stock of Aerohive at a price of $4.45 per share in cash. Aerohive’s net cash balance was $62 million at the end of March, the deal is equivalent to the value of $210 million.

Extreme Networks, Inc. (NASDAQ:EXTR) shares edged up 1.60% to finally closed at $5.73 in last active session. 

EXTR’s distance from 20 day simple moving average is 0.14% and distance from 50-Day simple moving average is -11.11%.

Analyst’s mean target price for EXTR is $8.17 while analysts mean recommendation is 2.50. Stock value has moved between $4.82 – 9.1 in last one year. Stock has got OUTPERFORM rating from 2 of Thomson Reuters analysts, 2 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for EXTR is $8.17 while analysts mean recommendation is 2.50. 

Extreme Networks, Inc. (NASDAQ:EXTR) yearly performance is -33.29% and net profit margin is -1.40%. Annual EPS Growth of past 5 years is -43.20%. The current share price indicates that stock is -36.89% away from its one year high and is moving 19.13% ahead of its 52-week low. 



On 25 June 2018, NVIDIA Corporation (NASDAQ:NVDA) shares fell -0.77% and ultimately finalized to $151.48 in last traded day. Stock has got OUTPERFORM rating from 14 of Thomson Reuters analysts, 12 given HOLD rating to the stock and 1 given UNDERPERFORM rating. Analyst’s mean target price for NVDA is $183.42 while analysts mean recommendation is 2.30. 



At the movement Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is under coverage by number of analysts. Buy rating has been given by 11 analysts to the company stock whereas 0 given UNDERPERFORM rating to stock and 3 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is 1.75 and their mean rating for the stock is 1.67 on scale of 1-5. Analysts mean target price for Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is $121.39 while their mean recommendation is 1.70 (1=Buy, 5=sell). 

If we look at stock performance in last active day trading, we see that stock has moved fell -0.90% to end the day at $112.81. The current share price indicate that stock is -19.37% away from its one year high and is moving 33.65% ahead of its 52-week low. 

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