Extreme Networks (NASDAQ:EXTR) insider Edward Meyercord acquired 20,000 shares of the stock in a transaction dated Monday, May 14th. The stock was bought at an average price of $8.42 per share, for a total transaction of $168,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Extreme Networks opened at $9.18 on Friday, MarketBeat reports. The firm has a market capitalization of $1.06 billion, a PE ratio of 27.00, a P/E/G ratio of 1.28 and a beta of 1.62. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.88 and a current ratio of 1.09. Extreme Networks has a 1 year low of $8.10 and a 1 year high of $15.55.
Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Tuesday, May 8th. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.05). The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate of $268.32 million. Extreme Networks had a positive return on equity of 43.61% and a negative net margin of 3.28%. The firm’s revenue for the quarter was up 75.6% compared to the same quarter last year. During the same period last year, the business earned $0.10 earnings per share. sell-side analysts anticipate that Extreme Networks will post 0.42 earnings per share for the current year.
Several brokerages have recently issued reports on EXTR. BidaskClub upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. Zacks Investment Research downgraded shares of Extreme Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Needham & Company LLC raised their price objective on shares of Extreme Networks from $14.85 to $15.50 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. DA Davidson raised their price objective on shares of Extreme Networks from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Cowen restated a “buy” rating and issued a $18.00 price objective on shares of Extreme Networks in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $16.08.
Hedge funds have recently modified their holdings of the stock. Riverhead Capital Management LLC bought a new position in Extreme Networks in the first quarter worth $106,000. Financial Gravity Companies Inc. bought a new position in Extreme Networks in the fourth quarter worth $146,000. Suntrust Banks Inc. bought a new position in Extreme Networks in the fourth quarter worth $128,000. Xact Kapitalforvaltning AB bought a new position in Extreme Networks in the fourth quarter worth $153,000. Finally, Atria Investments LLC bought a new position in Extreme Networks in the fourth quarter worth $165,000. 78.65% of the stock is owned by hedge funds and other institutional investors.
Extreme Networks Company Profile
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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