Extreme Networks Shares Rise 13% on Sale Report

Extreme Networks shares climbed 13% to $23.70 on Friday after Reuters reported that the networking software and equipment company is exploring a sale, citing people familiar with the matter. The stock is up 42% this year.

Today, 21:59· Money Talk· 390 reads

Extreme Networks Shares Rise 13% on Sale Report

Reuters reported that Extreme Networks has engaged an investment bank to handle a sale process. Potential strategic buyers could include Fortinet, Cisco and NetApp, according to the report.

Extreme Networks and NetApp declined to comment to Reuters. Cisco and Fortinet did not immediately respond to requests for comment.

Extreme Networks Shares Rise 13% on Sale Report

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