FINWIRES · TerminalLIVE
FINWIRES

オッペンハイマー氏によると、エクストリーム・ネットワークスはAI推進の中で市場シェア拡大に向けて有利な立場にある。

By

-- エクストリームネットワークス（EXTR）は、年次カンファレンス「Connect」において、近年で最も意欲的な製品サイクルの一つを発表した。拡張されたAI駆動型ネットワークプラットフォームと競争力の向上により、「収益成長の加速」と市場シェアの拡大が見込まれると、オッペンハイマーは木曜日に電子メールで送付したレポートで述べている。 レポートによると、Platform ONEは発売から10ヶ月で「期待を上回る」成果を上げており、サードパーティ製デバイスへの新たなサポートにより、顧客が「既存ベンダー」からの移行を促進するとともに、クラウド管理型ネットワークにおける同社の地位を強化することが期待される。 同社は、Platform ONEのAI搭載「アップグレード」であるAgent ONEを発表するとともに、「AIスキルマーケットプレイス」であるExtreme Exchangeも立ち上げたと、レポートは指摘している。 さらに、同社はWi-Fi 7ポートフォリオを「拡充」し、クラウドPKIセキュリティ機能を追加することで、ネットワークプラットフォームへのセキュリティ投資を呼び込むとしている。 オッペンハイマーは、販売チャネル調査の結果、新型コロナウイルス感染症後の価格動向の安定化と「価格決定力」の向上により、来年にかけて収益成長が加速する見込みだと指摘した。また、シスコシステムズ（CSCO）の供給制約と価格上昇は、エクストリームネットワークスにとって市場シェア拡大の「大きなチャンス」となる可能性があると述べている。 オッペンハイマーはエクストリームネットワークスに対し「アウトパフォーム」の投資判断を下し、目標株価を25ドルとしている。

Price: $23.43, Change: $-0.11, Percent Change: -0.47%

Related Articles

Commodities

Strait of Hormuz Disruption Pushing Oil Market Toward Rationing, Wells Fargo Says

The global oil market is moving toward physical shortages and possible demand rationing within the current quarter if disruption in the Strait of Hormuz persists, Darrell Cronk, President of Wells Fargo Investment Institute, said in a Tuesday note.Cronk estimates cumulative supply losses tied to the conflict and partial closure of the key shipping route have reached about 600 million barrels as of early May. The disruption reflects not only delayed shipments, but also production effectively removed from the system through shut-ins, damage, and deferred output.With inventories and floating storage already significantly reduced, the market has limited remaining capacity to absorb additional shocks. If the strait does not reopen soon, the system may require demand destruction of 4 to 5 million barrels per day within weeks to restore balance.Supply disruptions are expected to take roughly 30 days to fully transmit through the system, meaning physical shortages at the consumer level could lag the initial shock.The most immediate stress is expected in natural gas and in intermediate- and medium-sour crude grades. Downstream impacts would likely emerge first in refined products, particularly diesel and jet fuel, before crude scarcity becomes visible to end users.A likely sequence of disruption would begin with petrochemicals and LPG, followed by diesel, affecting freight, agriculture, and industrial activity, and then jet fuel, which would constrain airline capacity and broader mobility.Import-dependent emerging markets are expected to experience the earliest strain, followed by Europe and other developed regions. Potential policy responses could include fuel allocation systems, airline capacity limits, and emergency consumption controls if shortages intensify.The US is partially insulated due to strong domestic production and Canadian pipeline imports, but global pricing would still transmit higher fuel costs domestically. Elevated energy prices could add to inflation pressures heading into the summer driving season and complicate interest rate expectations.Cronk also highlighted longer-term structural risks, noting that global energy supply chains have become less redundant and more vulnerable than widely assumed. It warned that prolonged disruption to infrastructure in the region could extend recovery timelines well beyond past oil shocks, even if geopolitical tensions ease.

Research

Research Alert: CFRA Maintains Hold On Shares Of Solventum Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month price target by $6 to $76, reflecting an 11.6x multiple of our 2026 EPS estimate, in line with the 11.6x historical forward average since spin-off from 3M in 2024. We raise our 2026 EPS estimate to $6.57 from $6.46 and lower our 2027 estimate by $0.03 to $7.03. We think SOLV continues to demonstrate progress with the separation from 3M, having exited over 50% of the transition service agreements with a target to exit over 90% by year-end. In addition, over 75% of system applications have been migrated, according to Q1 earnings commentary. The company maintained the $100M-$120M estimate of tariff headwinds against 2026 earnings. However, this estimate was made based on tariff dynamics prior to the U.S. Supreme Court's recent ruling against the IIEPA tariffs, adding some uncertainty to SOLV's near-term financial outlook, in our view, as the company awaits more information about potential refund dynamics.

$SOLV
International

Daily Roundup of Key US Economic Data for May 7

Challenger, Gray & Christmas reported 83,387 layoff intentions in April, up from 60,620 in March, but down from 105,441 a year ago.The largest layoff count in April was in the technology sector, which accounted for 33,361 of those intentions, with increased use of artificial intelligence with the most cited reason for layoffs.The New York Fed's inflation expectations survey for April showed an increase in inflation expectations and uncertainty for the next year.Nonfarm productivity rose by 0.8% in Q1 after a 1.6% gain in Q4, reflecting slower output growth and a rebound in hours worked. Released at the same time, unit labor costs rose by 2.3% after a 4.6% gain, with the slower pace of productivity growth only partially offsetting a much slower pace of compensation growth.Construction spending rose by 0.6% in March after a 0.2% decline in February. Private residential construction rose by 1.7%, with single-family construction up 2.7%, multi-family construction up 0.3% and remodeling activity up 0.9%.Private nonresidential building fell by 0.2% and public construction declined by 0.2%.Consumer credit usage jumped by $24.8 billion in March after an $8.9 billion gain in February, with revolving credit use and nonrevolving credit use both rising at a faster rate than in the previous month.Initial jobless claims increased by 10,000 to 200,000 in the week ended May 2, but the four-week moving average fell by 4,500 to 203,250, a second straight decrease.Insured claims declined by 10,000 to 1.766 million in the week ended April 25.Natural gas stocks rose by 63 billion cubic feet to 2.205 trillion cubic feet in the week ended May 1, up 3.5% from a year earlier and 6.7% higher than the seasonal average for the current week over the previous five years.The Q2 GDP nowcast estimate from the Atlanta Fed is for a 3.7% gain, unrevised from the previous estimate.