Extreme Networks, Inc. (NASDAQ:EXTR) Given Consensus Rating of “Hold” by Brokerages

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $22.36.

EXTR has been the subject of several research analyst reports. B. Riley raised Extreme Networks from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Monday, April 15th. Needham & Company LLC dropped their target price on shares of Extreme Networks from $23.00 to $16.50 and set a “buy” rating on the stock in a research report on Thursday, February 1st. UBS Group downgraded shares of Extreme Networks from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $22.00 to $14.00 in a research report on Thursday, February 1st. StockNews.com lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, TheStreet lowered Extreme Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th.

Insider Activity at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 28,443 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $13.24, for a total value of $376,585.32. Following the transaction, the chief executive officer now directly owns 1,129,611 shares of the company’s stock, valued at approximately $14,956,049.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.32% of the stock is owned by corporate insiders.

Institutional Trading of Extreme Networks

Several large investors have recently added to or reduced their stakes in EXTR. Allworth Financial LP boosted its position in shares of Extreme Networks by 4,924.4% during the 4th quarter. Allworth Financial LP now owns 2,060 shares of the technology company’s stock valued at $36,000 after acquiring an additional 2,019 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Extreme Networks in the 3rd quarter valued at approximately $37,000. Tucker Asset Management LLC acquired a new stake in shares of Extreme Networks during the 3rd quarter worth approximately $41,000. Hennessy Advisors Inc. acquired a new stake in shares of Extreme Networks during the 4th quarter worth approximately $82,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Extreme Networks during the 3rd quarter valued at approximately $91,000. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

Extreme Networks Trading Up 2.4 %

Shares of Extreme Networks stock opened at $11.60 on Friday. The stock has a market cap of $1.49 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 4.04 and a beta of 1.90. The firm has a fifty day moving average price of $11.60 and a 200 day moving average price of $15.17. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.02 and a quick ratio of 0.74. Extreme Networks has a 1 year low of $10.57 and a 1 year high of $32.73.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.05). Extreme Networks had a net margin of 5.96% and a return on equity of 98.24%. The firm had revenue of $296.38 million during the quarter, compared to analyst estimates of $295.50 million. Equities research analysts predict that Extreme Networks will post 0.17 earnings per share for the current year.

Extreme Networks Company Profile

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.