Extreme Networks (NASDAQ:EXTR) Rating Lowered to Buy at StockNews.com

Extreme Networks (NASDAQ:EXTR – Get Rating) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Other research analysts also recently issued research reports about the stock. B. Riley reiterated a “buy” rating and issued a $24.00 target price on shares of Extreme Networks in a report on Wednesday, April 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $23.00 target price on shares of Extreme Networks in a report on Thursday, March 30th. Needham & Company LLC reiterated a “buy” rating and issued a $23.50 target price on shares of Extreme Networks in a report on Monday, March 6th. Finally, Craig Hallum downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating and dropped their target price for the stock from $22.00 to $17.50 in a report on Wednesday, April 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.83.

Extreme Networks Stock Down 0.1 %

EXTR stock opened at $18.41 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 1.92. Extreme Networks has a 1 year low of $8.49 and a 1 year high of $21.03. The company has a fifty day simple moving average of $17.71 and a 200 day simple moving average of $18.42. The firm has a market cap of $2.37 billion, a PE ratio of 42.81 and a beta of 1.96.

Institutional Trading of Extreme Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its position in shares of Extreme Networks by 29.8% during the third quarter. Quadrant Capital Group LLC now owns 2,429 shares of the technology company’s stock worth $32,000 after purchasing an additional 558 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Extreme Networks by 1.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 43,672 shares of the technology company’s stock worth $800,000 after purchasing an additional 586 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Extreme Networks by 0.7% during the fourth quarter. SummerHaven Investment Management LLC now owns 83,295 shares of the technology company’s stock worth $1,525,000 after purchasing an additional 591 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Extreme Networks by 2.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,710 shares of the technology company’s stock worth $452,000 after purchasing an additional 591 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of Extreme Networks by 49.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,781 shares of the technology company’s stock worth $33,000 after purchasing an additional 592 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

About Extreme Networks

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Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
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.