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Small-Cap Tech Stocks to Buy: Extreme Networks (EXTR)

Small-Cap Tech Stocks to Buy: Extreme Networks (EXTR)
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Extreme Networks, Inc (NASDAQ:EXTR) is fundamentally a network infrastructure equipment provider. Its focus is on the enterprise, healthcare, government, educational and metropolitan service providers around the globe.

In the past three months, the stock is up more than 30%, largely driven by its stalking horse bid for the assets of now-bankrupt competitor Avaya. EXTR has offered $100 million for the company at auction. Avaya’s book of business is valued by EXTR at around $200 million.

Obviously, to buy a company for half the value of its business would be a coup. The interesting piece is, since EXTR was first to bid — the stalking horse — it gets fees even if it eventually loses the auction, so it’s a win-win.

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