Extreme Networks (NASDAQ:EXTR) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.17-0.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.19. The company issued revenue guidance of $262-272 million, compared to the consensus revenue estimate of $259.60 million.
Several research firms have weighed in on EXTR. Zacks Investment Research upgraded shares of Extreme Networks from a sell rating to a hold rating in a research report on Monday. Needham & Company LLC increased their price target on shares of Extreme Networks from $14.85 to $15.50 and gave the stock a buy rating in a research report on Wednesday, February 7th. DA Davidson increased their price target on shares of Extreme Networks from $16.00 to $17.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. Cowen reiterated a buy rating and issued a $18.00 price target on shares of Extreme Networks in a research report on Wednesday, February 7th. Finally, BidaskClub upgraded shares of Extreme Networks from a buy rating to a strong-buy rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $16.08.
Shares of Extreme Networks (NASDAQ:EXTR) traded up $0.52 during mid-day trading on Wednesday, hitting $11.65. 3,938,100 shares of the stock traded hands, compared to its average volume of 3,459,304. The company has a market cap of $1,320.00, a P/E ratio of -61.32, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. Extreme Networks has a 12-month low of $6.00 and a 12-month high of $15.55. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.
Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The firm had revenue of $231.12 million for the quarter, compared to the consensus estimate of $241.49 million. Extreme Networks had a negative net margin of 2.72% and a positive return on equity of 44.24%. The company’s revenue was up 47.8% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. equities analysts expect that Extreme Networks will post 0.6 earnings per share for the current year.
In related news, Director Charles Carinalli sold 20,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were 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 can be accessed through this hyperlink. 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 transaction of $138,100.00. Following the transaction, 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.
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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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