A provider of network infrastructure equipment and markets its products to business, governmental, health care, service provider, and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis.
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The Dutch Auction with prices between $3.30 and $3.70 sound like a definition of what EXTR management views as "cheap". Buying back ~1/4 of the company. Gutsy move in this environment if you don't think the company will shine.