52 week high 15.55 and is now down to 8.58. How low can this stock go? I worry there is going to be some serious cost cutting layoffs to improve margins?
7 replies (most recent on top)
not sure of exact numbers, but layoffs happened this week@extr.
its time they please markets with good earnings this quarter.
Yes. the layoffs were coming and happened yesterday. Quite wide and deep cuts all around.
Great products alone can't make a company successful - which is why the stock is down and revenue is slipping. Must also have great leadership, marketing, sales teams, and partners. Sadly, these fundamental things are not present at the moment - only management spin. Watch what happens in August.
Extreme has the best product portfolio to take any networking vendor head on, this includes Cisco and, Huawei. Extreme can win in Enterpise, and SP. Even bridging the gap in cloud and data center solutions. Right now, having an inexperienced sales team is no excuse.... get busy and you can sell.
LOL. Lame leadership, particularly in the channel, will limit the company's growth. New US guy is weak and obviously very inexperienced leading sales teams. Creating confusion, disillusionment, and uncertainty which is cascading down to the partners.
Oh, it's definitely coming. Departmental reorganizations are already starting and people are bracing for impact. Just wait until August - after they reduce the PTO liability with the 1 week shutdown in July. Will not be pretty...
No question about it. Company shut down for a week in July and forcing those with accrued PTO to use it, so they won't have to pay out. After that, they will start laying off. Ineffective leadership and a mostly "me too" portfolio has caused poor results and there is a quiet panic internally.