Top Manager At Extreme Networks Privately Sold High-Tech In Russia After The Co Said Last Year It Suspended All Business Activities In The Country To Show Solidarity With Ukraine
Portfolio Pulse from Benzinga Newsdesk
A top manager at Extreme Networks has been privately selling high-tech in Russia, despite the company's announcement last year that it suspended all business activities in the country to show solidarity with Ukraine.
June 28, 2023 | 1:17 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Extreme Networks' reputation may be negatively impacted due to a top manager's private sales in Russia, contradicting the company's previous stance.
The news of a top manager at Extreme Networks privately selling high-tech in Russia, despite the company's announcement of suspending all business activities in the country, could potentially harm the company's reputation. This could lead to a decrease in investor confidence and negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100