Extreme Networks' MACD Death Cross, Bearish Marubozu Triggered on 15min Chart

The 15-minute chart for Extreme Networks has recently triggered a MACD Death Cross and a Bearish Marubozu at September 17, 2022, 12:00 PM. This indicates a strong bearish sentiment in the market, with sellers dominating the trading activity. As a result, the stock price is likely to continue its downward trajectory, driven by the bearish momentum that has been established.

The global Ethernet Storage Fabric Hardware market, a crucial segment of the Information Technology and Telecom industry, is poised for significant growth, according to a recent report. Projected to reach USD 5.87 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 8.2% from 2025 to 2031, the market is expected to hit USD 3.25 billion in 2024 Ethernet Storage Fabric Hardware Market Segmentation Analysis by Application, Type, and Key Players-Cisco Systems Inc., Juniper Networks Inc., Arista Networks Inc., Mellanox Technologies Ltd., Hewlett Packard Enterprise^[1].

Key drivers for this growth include technological advancements, expanding applications across various industries, favorable government policies, and increased investment in research and development. Manufacturers are focusing on innovations in low-latency, high-bandwidth switches and adapters to enhance system performance, while the deployment of hyper-converged and software-defined data centers is further boosting adoption Ethernet Storage Fabric Hardware Market Segmentation Analysis by Application, Type, and Key Players-Cisco Systems Inc., Juniper Networks Inc., Arista Networks Inc., Mellanox Technologies Ltd., Hewlett Packard Enterprise^[1].

The market is segmented by switches, routers, network interface cards (NICs), cables and connectors, and software and management tools. Core switches, distribution switches, and access switches are the primary types of switches, while core routers, edge routers, and virtual routers are key router categories Ethernet Storage Fabric Hardware Market Segmentation Analysis by Application, Type, and Key Players-Cisco Systems Inc., Juniper Networks Inc., Arista Networks Inc., Mellanox Technologies Ltd., Hewlett Packard Enterprise^[1].

Geographically, North America leads the market due to its advanced technology and robust investments. Europe, driven by environmental protection initiatives, and Asia-Pacific, with its rapid industrialization and urban migration, also show strong growth potential. The rest of the world, including Latin America, the Middle East, and Africa, is expected to contribute moderately to market growth Ethernet Storage Fabric Hardware Market Segmentation Analysis by Application, Type, and Key Players-Cisco Systems Inc., Juniper Networks Inc., Arista Networks Inc., Mellanox Technologies Ltd., Hewlett Packard Enterprise^[1].

Notable players in the market include Cisco Systems Inc., Juniper Networks Inc., Arista Networks Inc., Mellanox Technologies Ltd., Hewlett Packard Enterprise, Dell Technologies Inc., IBM Corporation, Brocade Communications Systems Inc., Netgear Inc., Extreme Networks Inc., and Huawei Technologies Co. Ltd. Ethernet Storage Fabric Hardware Market Segmentation Analysis by Application, Type, and Key Players-Cisco Systems Inc., Juniper Networks Inc., Arista Networks Inc., Mellanox Technologies Ltd., Hewlett Packard Enterprise^[1].

The Ethernet Storage Fabric Hardware market is expected to play a pivotal role in supporting advanced IT ecosystems, offering reliable and cost-efficient infrastructure that aligns with the growing need for agility and data-intensive application processing Ethernet Storage Fabric Hardware Market Segmentation Analysis by Application, Type, and Key Players-Cisco Systems Inc., Juniper Networks Inc., Arista Networks Inc., Mellanox Technologies Ltd., Hewlett Packard Enterprise^[1].