News headlines about Extreme Networks (NASDAQ:EXTR) have trended somewhat positive on Thursday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Extreme Networks earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.2012188745147 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
Shares of Extreme Networks (NASDAQ EXTR) traded up 1.21% on Thursday, reaching $11.67. 1,001,573 shares of the company traded hands. The firm has a 50-day moving average of $11.80 and a 200-day moving average of $9.97. The company’s market capitalization is $1.32 billion. Extreme Networks has a 52-week low of $4.02 and a 52-week high of $13.20.
Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Monday, August 14th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The company had revenue of $178.70 million for the quarter, compared to analyst estimates of $171.96 million. Extreme Networks had a positive return on equity of 41.17% and a negative net margin of 1.42%. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. On average, equities research analysts forecast that Extreme Networks will post $0.65 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. BidaskClub downgraded Extreme Networks from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Needham & Company LLC raised their target price on Extreme Networks from $12.50 to $13.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Zacks Investment Research raised Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Friday, August 18th. Finally, ValuEngine downgraded Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $11.67.
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In related news, insider Edward Meyercord sold 100,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $10.52, for a total value of $1,052,000.00. Following the completion of the sale, the insider now directly owns 471,653 shares in the company, valued at $4,961,789.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen M. Holmgren acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was bought at an average price of $11.49 per share, with a total value of $57,450.00. Following the completion of the acquisition, the director now directly owns 36,662 shares of the company’s stock, valued at $421,246.38. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.
Extreme Networks Company Profile
Extreme Networks, Inc is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthcare, service provider and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis. The Company operates through the development and marketing of network infrastructure equipment segment.
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