Shares of Extreme Networks, Inc (NASDAQ:EXTR) have earned an average rating of “Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $14.40.
A number of analysts have commented on the company. ValuEngine downgraded Extreme Networks from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. JMP Securities assumed coverage on Extreme Networks in a research report on Wednesday, January 3rd. They issued an “outperform” rating and a $16.00 price objective for the company. Cowen assumed coverage on Extreme Networks in a research report on Wednesday, December 20th. They issued an “outperform” rating and a $16.00 price objective for the company. Craig Hallum reiterated a “buy” rating and issued a $17.00 price objective (up previously from $12.50) on shares of Extreme Networks in a research report on Wednesday, November 8th. Finally, Zacks Investment Research downgraded Extreme Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th.
In related news, Director Charles Carinalli sold 20,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $12.91, for a total transaction of $258,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raj Khanna sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $13.81, for a total value of $138,100.00. Following the sale, the director now directly owns 99,523 shares of the company’s stock, valued at $1,374,412.63. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in Extreme Networks during the 3rd quarter valued at $116,000. PNC Financial Services Group Inc. acquired a new stake in Extreme Networks during the 2nd quarter valued at $101,000. Howe & Rusling Inc. increased its holdings in Extreme Networks by 2,623.5% during the 3rd quarter. Howe & Rusling Inc. now owns 11,357 shares of the technology company’s stock valued at $135,000 after purchasing an additional 10,940 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Extreme Networks during the 2nd quarter valued at $116,000. Finally, Sei Investments Co. acquired a new stake in Extreme Networks during the 3rd quarter valued at $161,000. 80.87% of the stock is owned by hedge funds and other institutional investors.
Shares of Extreme Networks (EXTR) traded down $0.21 during mid-day trading on Monday, hitting $13.22. The company’s stock had a trading volume of 990,404 shares, compared to its average volume of 1,607,060. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 1.09. Extreme Networks has a 52 week low of $5.22 and a 52 week high of $14.34. The company has a market cap of $1,500.00, a P/E ratio of 661.00, a P/E/G ratio of 1.31 and a beta of 1.14.
Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. Extreme Networks had a return on equity of 46.58% and a net margin of 0.34%. The company had revenue of $211.72 million during the quarter, compared to the consensus estimate of $203.86 million. During the same quarter last year, the company earned $0.07 EPS. The company’s quarterly revenue was up 72.5% on a year-over-year basis. equities analysts expect that Extreme Networks will post 0.6 EPS for the current year.
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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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