Extreme Networks (EXTR) Set to Announce Earnings on Wednesday

Extreme Networks (NASDAQ:EXTR) will be posting its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Extreme Networks to post earnings of ($0.17) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). Extreme Networks had a net margin of 5.96% and a return on equity of 98.24%. The company had revenue of $296.38 million for the quarter, compared to the consensus estimate of $295.50 million. On average, analysts expect Extreme Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Extreme Networks Price Performance

Shares of NASDAQ EXTR opened at $11.60 on Monday. Extreme Networks has a fifty-two week low of $10.57 and a fifty-two week high of $32.73. The firm’s 50-day simple moving average is $11.60 and its 200 day simple moving average is $15.10. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 1.69. The stock has a market cap of $1.49 billion, a P/E ratio of 19.33, a P/E/G ratio of 4.14 and a beta of 1.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group cut shares of Extreme Networks from a “buy” rating to a “neutral” rating and cut their price objective for the company from $22.00 to $14.00 in a research note on Thursday, February 1st. TheStreet cut shares of Extreme Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th. StockNews.com cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Rosenblatt Securities lowered Extreme Networks from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $19.00 to $15.00 in a report on Thursday, February 1st. Finally, Needham & Company LLC lowered their target price on Extreme Networks from $23.00 to $16.50 and set a “buy” rating on the stock in a report on Thursday, February 1st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Extreme Networks currently has an average rating of “Hold” and a consensus price target of $22.36.

Insider Buying and Selling

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

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.