Everett Harris & Company Has Cut By $27.42 Million Its Unilever Plc Adr (UL) Stake; Extreme Networks (EXTR) Has 0.97 Sentiment

February 22, 2018 - By Clifton Ray

Extreme Networks, Inc. provides software-driven networking solutions for enterprise clients worldwide. The company has market cap of $1.38 billion. The firm designs, develops, and makes wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. It currently has negative earnings. It offers edge/access Ethernet switching systems that delivers Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.

Everett Harris & Company decreased Unilever Plc Adr (UL) stake by 36.24% reported in 2017Q3 SEC filing. Everett Harris & Company sold 481,085 shares as Unilever Plc Adr (UL)’s stock rose 11.00%. The Everett Harris & Company holds 846,322 shares with $49.05 million value, down from 1.33M last quarter. Unilever Plc Adr now has $128.28 billion valuation. The stock decreased 1.43% or $0.75 during the last trading session, reaching $51.64. About 1.38 million shares traded. Unilever PLC (NYSE:UL) has risen 20.68% since February 22, 2017 and is uptrending. It has outperformed by 3.98% the S&P500.

Analysts await Extreme Networks, Inc. (NASDAQ:EXTR) to report earnings on May, 2. They expect $0.15 earnings per share, up 87.50% or $0.07 from last year’s $0.08 per share. EXTR’s profit will be $17.30M for 19.93 P/E if the $0.15 EPS becomes a reality. After $0.09 actual earnings per share reported by Extreme Networks, Inc. for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

The stock decreased 1.97% or $0.24 during the last trading session, reaching $11.96. About 1.31M shares traded. Extreme Networks, Inc. (EXTR) has risen 157.68% since February 22, 2017 and is uptrending. It has outperformed by 140.98% the S&P500.

Adi Capital Management Llc holds 9.43% of its portfolio in Extreme Networks, Inc. for 1.61 million shares. Ratan Capital Management Lp owns 1.25 million shares or 8.94% of their US portfolio. Moreover, Paradigm Capital Management Inc Ny has 5.53% invested in the company for 5.36 million shares. The Louisiana-based Diversified Investment Strategies Llc has invested 4% in the stock. Rk Capital Management Llc, a Colorado-based fund reported 1.32 million shares.

Everett Harris & Company increased Ishares Core Msci Emerging Mar (IEMG) stake by 147,275 shares to 1.71M valued at $92.36M in 2017Q3. It also upped Accenture Ltd. (NYSE:ACN) stake by 22,210 shares and now owns 247,570 shares. Anheuser (NYSE:BUD) was raised too.

Among 12 analysts covering Unilever (NYSE:UL), 4 have Buy rating, 2 Sell and 6 Hold. Therefore 33% are positive. Unilever had 15 analyst reports since July 24, 2015 according to SRatingsIntel. As per Thursday, August 10, the company rating was downgraded by RBC Capital Markets. The firm has “Buy” rating by Jefferies given on Tuesday, December 13. The stock has “Outperform” rating by Macquarie Research on Friday, March 17. The firm has “Buy” rating by Canaccord Genuity given on Friday, July 24. On Monday, March 27 the stock rating was reinitiated by Liberum Capital with “Hold”. On Monday, April 3 the stock rating was downgraded by ABN Amro to “Sell”. The firm has “Outperform” rating by Bernstein given on Monday, August 22. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, August 12. On Tuesday, January 12 the stock rating was upgraded by JP Morgan to “Overweight”. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, July 22.

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