BidaskClub lowered shares of Extreme Networks (NASDAQ:EXTR) from a hold rating to a sell rating in a research note published on Wednesday.
A number of other analysts have also recently commented on the company. Zacks Investment Research cut Extreme Networks from a buy rating to a hold rating in a research report on Tuesday, January 9th. Cowen initiated coverage on Extreme Networks in a research report on Wednesday, December 20th. They set an outperform rating and a $16.00 price objective for the company. Needham & Company LLC upped their price target on Extreme Networks from $14.85 to $15.50 and gave the stock a buy rating in a research report on Wednesday, February 7th. JMP Securities initiated coverage on Extreme Networks in a research report on Wednesday, January 3rd. They issued an outperform rating and a $16.00 price target for the company. Finally, DA Davidson upped their price target on Extreme Networks from $16.00 to $17.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Extreme Networks has an average rating of Buy and a consensus price target of $15.92.
Extreme Networks stock opened at $10.52 on Wednesday. The firm has a market cap of $1,243.74, a P/E ratio of 30.94, a PEG ratio of 1.22 and a beta of 1.60. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 0.89. Extreme Networks has a one year low of $6.83 and a one year high of $15.55.
Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $231.12 million during the quarter, compared to analysts’ expectations of $241.49 million. Extreme Networks had a positive return on equity of 44.24% and a negative net margin of 2.72%. Extreme Networks’s revenue for the quarter was up 47.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 earnings per share. research analysts anticipate that Extreme Networks will post 0.52 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its position in Extreme Networks by 3.1% in the fourth quarter. BlackRock Inc. now owns 7,530,223 shares of the technology company’s stock worth $94,278,000 after buying an additional 224,820 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Extreme Networks by 181.0% in the fourth quarter. TIAA CREF Investment Management LLC now owns 3,809,162 shares of the technology company’s stock worth $47,691,000 after buying an additional 2,453,458 shares in the last quarter. Copper Rock Capital Partners LLC purchased a new stake in Extreme Networks in the fourth quarter worth about $24,503,000. Geode Capital Management LLC increased its position in Extreme Networks by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,355,595 shares of the technology company’s stock worth $16,971,000 after buying an additional 69,215 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Extreme Networks by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,153,703 shares of the technology company’s stock worth $14,443,000 after buying an additional 86,085 shares in the last quarter. Institutional investors and hedge funds own 79.46% of the company’s stock.
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About Extreme Networks
Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. The company designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls.
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