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
About Extreme Networks
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.
- Get a free copy of the StockNews.com research report on Extreme Networks (EXTR)
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for Extreme Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extreme Networks and related companies with MarketBeat.com's FREE daily email newsletter.