By: Benzinga
January 04, 2013 at 14:22 PM EST
UPDATE: Wedbush Securities Reiterates Neutral Rating, Lowers PT on Extreme Networks
In a report published Friday, Wedbush Securities reiterated its Neutral rating on Extreme Networks (NASDAQ: EXTR ), but slightly lowered its price target from $4.00 to $3.50. Wedbush Securities noted, “Company pre-announced lower-than-expected FQ2, citing macroeconomic factors, customer delays and competition, and outlines restructuring plan. Management cited aggressive bids, bundled
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