Causeway Capital Management Has Decreased By $2.30 Million Its Abb LTD (ABB) Holding; 4 Analysts Covering Extreme Networks, Inc. (EXTR)

December 14, 2017 - By Richard Conner

Among 4 analysts covering Extreme Networks Inc (NASDAQ:EXTR), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Extreme Networks Inc had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, September 10 by Wunderlich. The stock of Extreme Networks, Inc. (NASDAQ:EXTR) earned “Buy” rating by Wunderlich on Thursday, September 15. The rating was maintained by Needham on Monday, September 19 with “Buy”. The firm has “Buy” rating given on Thursday, September 15 by DA Davidson. The firm earned “Buy” rating on Friday, June 2 by Needham. The company was maintained on Wednesday, November 8 by Craig Hallum. The stock has “Hold” rating by Zacks on Friday, August 14. See Extreme Networks, Inc. (NASDAQ:EXTR) latest ratings:

08/11/2017 Broker: Craig Hallum Rating: Buy New Target: $17.0 Maintain

Causeway Capital Management Llc decreased Abb Ltd (ABB) stake by 7.84% reported in 2017Q2 SEC filing. Causeway Capital Management Llc sold 95,983 shares as Abb Ltd (ABB)’s stock rose 9.90%. The Causeway Capital Management Llc holds 1.13 million shares with $28.10M value, down from 1.22 million last quarter. Abb Ltd now has $56.65B valuation. The stock increased 0.27% or $0.07 during the last trading session, reaching $26.1. About 2.22M shares traded or 40.17% up from the average. ABB Ltd (NYSE:ABB) has risen 23.97% since December 14, 2016 and is uptrending. It has outperformed by 7.27% the S&P500.

Analysts await ABB Ltd (NYSE:ABB) to report earnings on February, 14. They expect $0.32 earnings per share, down 3.03% or $0.01 from last year’s $0.33 per share. ABB’s profit will be $694.60M for 20.39 P/E if the $0.32 EPS becomes a reality. After $0.34 actual earnings per share reported by ABB Ltd for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Causeway Capital Management Llc increased British Amern Tob Plc (NYSEMKT:BTI) stake by 17,797 shares to 423,185 valued at $29.01 million in 2017Q2. It also upped Royal Dutch Shell Plc stake by 63,879 shares and now owns 589,292 shares. Sap Se (NYSE:SAP) was raised too.

Among 15 analysts covering ABB Ltd (NYSE:ABB), 8 have Buy rating, 2 Sell and 5 Hold. Therefore 53% are positive. ABB Ltd had 34 analyst reports since August 21, 2015 according to SRatingsIntel. The firm has “Underweight” rating given on Tuesday, September 22 by JP Morgan. On Thursday, September 1 the stock rating was upgraded by BNP Paribas to “Outperform”. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, October 31. As per Friday, August 21, the company rating was upgraded by HSBC. The stock has “Neutral” rating by UBS on Friday, January 22. The stock of ABB Ltd (NYSE:ABB) has “Buy” rating given on Tuesday, January 10 by Bank of America. RBC Capital Markets upgraded the shares of ABB in report on Friday, December 11 to “Outperform” rating. The rating was upgraded by Morgan Stanley to “Overweight” on Monday, December 12. BNP Paribas reinitiated the shares of ABB in report on Tuesday, February 9 with “Underperform” rating. The company was upgraded on Wednesday, January 25 by RBC Capital Markets.

Investors sentiment decreased to 0.97 in 2017 Q2. Its down 0.20, from 1.17 in 2017Q1. It turned negative, as 18 investors sold Extreme Networks, Inc. shares while 65 reduced holdings. 46 funds opened positions while 51 raised stakes. 87.61 million shares or 0.66% more from 87.03 million shares in 2017Q1 were reported. Rhumbline Advisers invested in 121,920 shares. Da Davidson & Communications has 88,895 shares for 0.02% of their portfolio. Diversified Invest Strategies Limited Liability stated it has 3.08% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR). 366,604 were accumulated by Globeflex Cap L P. Group Inc reported 0% in Extreme Networks, Inc. (NASDAQ:EXTR). Price T Rowe Md owns 0% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 59,300 shares. Ellington Mgmt Grp Limited Liability Com has invested 0.03% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR). D E Shaw Com invested 0.01% in Extreme Networks, Inc. (NASDAQ:EXTR). Arrowstreet Partnership owns 276,064 shares. Teton Advsrs has invested 0.35% in Extreme Networks, Inc. (NASDAQ:EXTR). State Board Of Administration Of Florida Retirement stated it has 0% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR). Howe Rusling holds 0% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR) for 417 shares. Acadian Asset Mgmt Ltd Limited Liability Company invested in 560,124 shares or 0.02% of the stock. Hennessy Advsr holds 0.19% or 679,775 shares in its portfolio. Quantbot Technologies Lp accumulated 36,706 shares.

The stock increased 2.25% or $0.28 during the last trading session, reaching $12.7. About 942,306 shares traded. Extreme Networks, Inc. (NASDAQ:EXTR) has risen 157.68% since December 14, 2016 and is uptrending. It has outperformed by 140.98% the S&P500.

Extreme Networks, Inc. provides software-driven networking solutions for enterprise clients worldwide. The company has market cap of $1.44 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 has a 1058.33 P/E ratio. 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.

Since August 21, 2017, it had 0 insider purchases, and 1 insider sale for $1.05 million activity. MEYERCORD EDWARD had sold 100,000 shares worth $1.05M on Monday, August 21.

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