Top 5 Stock Picks of Travis Cocke’s Voss Capital

4. Extreme Networks, Inc. (NASDAQ:EXTR)

Voss Capital’s Stake Value: $18,866,000

Percentage of Voss Capital’s 13F Portfolio: 7.74%

Number of Hedge Fund Holders: 20

Extreme Networks, Inc. (NASDAQ:EXTR), a North Carolina-based company providing software-driven networking solutions worldwide, is one of the top stock picks of Travis Cocke’s Voss Capital as of Q3 2021. The hedge fund elevated its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 16% in the third quarter, holding 1.9 million shares worth $18.8 million. The Extreme Networks, Inc. (NASDAQ:EXTR) stock represents 7.74% of the fund’s total Q3 securities.

Needham analyst Alex Henderson maintained a Buy rating on Extreme Networks, Inc. (NASDAQ:EXTR) on December 28 and set a price target of $18.50. 

Publishing its financial results for Q4 2021 on January 27, Extreme Networks, Inc. (NASDAQ:EXTR) posted earnings per share of $0.21, beating estimates by $0.04. The $280.90 million revenue jumped 16.1% from the prior-year quarter, outperforming consensus estimates by $8.83 million. 

A total of 20 hedge funds monitored by Insider Monkey in Q3 2021 were bullish on Extreme Networks, Inc. (NASDAQ:EXTR), with stakes equaling $123.8 million. Arrowstreet Capital held the leading stake in Extreme Networks, Inc. (NASDAQ:EXTR) during the third quarter, owning 2.25 million shares worth $22.1 million.