EXTR has been the topic of a number of other research reports. Zacks Investment Research upgraded Extreme Networks from a hold rating to a buy rating and set a $8.50 price target on the stock in a report on Wednesday, January 15th. ValuEngine upgraded Extreme Networks from a sell rating to a hold rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Extreme Networks presently has an average rating of Buy and a consensus target price of $8.75.
EXTR opened at $7.92 on Friday. The stock has a market cap of $962.83 million, a P/E ratio of -17.60 and a beta of 1.67. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.06 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $7.30 and its 200 day simple moving average is $7.17. Extreme Networks has a 1-year low of $5.37 and a 1-year high of $8.59.
Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The business had revenue of $255.51 million for the quarter, compared to analysts’ expectations of $253.26 million. Extreme Networks had a positive return on equity of 10.49% and a negative net margin of 5.39%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. Research analysts expect that Extreme Networks will post 0.36 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in EXTR. Westwood Holdings Group Inc. acquired a new stake in Extreme Networks during the 2nd quarter valued at $65,000. Atria Investments LLC acquired a new stake in shares of Extreme Networks during the second quarter worth $154,000. Ellington Management Group LLC boosted its holdings in shares of Extreme Networks by 7.5% during the second quarter. Ellington Management Group LLC now owns 33,100 shares of the technology company’s stock worth $214,000 after purchasing an additional 2,300 shares during the last quarter. Paloma Partners Management Co boosted its holdings in shares of Extreme Networks by 16.5% during the second quarter. Paloma Partners Management Co now owns 33,402 shares of the technology company’s stock worth $217,000 after purchasing an additional 4,727 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its holdings in shares of Extreme Networks by 7.3% during the third quarter. Metropolitan Life Insurance Co NY now owns 36,946 shares of the technology company’s stock worth $269,000 after purchasing an additional 2,509 shares during the last quarter. Hedge funds and other institutional investors own 80.98% of the company’s stock.
Extreme Networks Company Profile
Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.
Further Reading: How are dividend achievers different from dividend aristocrats?
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.