Extreme Networks, Inc. (NASDAQ:EXTR) – Stock analysts at DA Davidson upped their Q3 2018 EPS estimates for Extreme Networks in a research note issued on Wednesday. DA Davidson analyst M. Kelleher now forecasts that the technology company will post earnings of $0.14 per share for the quarter, up from their prior estimate of $0.13. DA Davidson also issued estimates for Extreme Networks’ FY2018 earnings at $0.52 EPS, Q1 2019 earnings at $0.15 EPS and Q4 2019 earnings at $0.27 EPS.
Other equities research analysts have also issued research reports about the stock. Needham & Company LLC lifted their target price on shares of Extreme Networks from $12.50 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. ValuEngine raised shares of Extreme Networks from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, August 18th. Craig Hallum reissued a “buy” rating and set a $17.00 price objective (up previously from $12.50) on shares of Extreme Networks in a research note on Wednesday. Finally, BidaskClub raised shares of Extreme Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Extreme Networks presently has an average rating of “Buy” and an average price target of $13.25.
TRADEMARK VIOLATION WARNING: This article was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.dispatchtribunal.com/2017/11/12/da-davidson-weighs-in-on-extreme-networks-inc-s-q3-2018-earnings-extr.html.
Shares of Extreme Networks (NASDAQ:EXTR) opened at $11.24 on Friday. The firm has a market cap of $1,274.84, a PE ratio of 26.14, a PEG ratio of 1.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.27. Extreme Networks has a 52 week low of $4.17 and a 52 week high of $13.20.
Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $211.72 million for the quarter, compared to analyst estimates of $203.86 million. Extreme Networks had a net margin of 0.34% and a return on equity of 51.82%. The company’s revenue for the quarter was up 72.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 EPS.
A number of institutional investors have recently modified their holdings of EXTR. PNC Financial Services Group Inc. purchased a new position in Extreme Networks in the second quarter worth about $101,000. BlueCrest Capital Management Ltd purchased a new position in shares of Extreme Networks during the second quarter valued at approximately $116,000. SG Americas Securities LLC purchased a new position in shares of Extreme Networks during the third quarter valued at approximately $116,000. Ameritas Investment Partners Inc. raised its holdings in shares of Extreme Networks by 13.0% during the second quarter. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company’s stock valued at $124,000 after purchasing an additional 1,565 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Extreme Networks by 10.9% during the second quarter. Amalgamated Bank now owns 14,049 shares of the technology company’s stock valued at $130,000 after purchasing an additional 1,378 shares during the last quarter. 80.05% of the stock is owned by institutional investors and hedge funds.
In other Extreme Networks news, insider Edward Meyercord sold 100,000 shares of Extreme Networks stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $10.52, for a total value of $1,052,000.00. Following the completion of the transaction, the insider now directly owns 471,653 shares of the company’s stock, valued at $4,961,789.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen M. Holmgren bought 5,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was purchased at an average cost 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 approximately $421,246.38. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.
About Extreme Networks
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.
Receive News & Ratings for Extreme Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extreme Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.