Extreme Networks, Inc. (NASDAQ:EXTR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $20.30.

A number of equities analysts have weighed in on EXTR shares. B. Riley increased their price target on shares of Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Lake Street Capital lifted their price target on shares of Extreme Networks from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Extreme Networks in a research report on Thursday, January 30th. Rosenblatt Securities lifted their price target on shares of Extreme Networks from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Craig Hallum upped their price objective on shares of Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Extreme Networks Stock Down 3.7 %

EXTR stock opened at $15.22 on Tuesday. Extreme Networks has a 52 week low of $10.49 and a 52 week high of $19.24. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 3.34. The company has a market cap of $2.02 billion, a P/E ratio of -16.19, a P/E/G ratio of 3.44 and a beta of 1.73. The company’s 50-day moving average price is $17.18 and its 200 day moving average price is $15.63.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, January 29th. The technology company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Extreme Networks had a negative net margin of 11.98% and a negative return on equity of 110.86%. On average, research analysts expect that Extreme Networks will post 0.27 earnings per share for the current fiscal year.

Insider Transactions at Extreme Networks

In related news, Director Charles Carinalli sold 5,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.70, for a total transaction of $83,500.00. Following the transaction, the director now directly owns 366,793 shares in the company, valued at approximately $6,125,443.10. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Extreme Networks

A number of large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in shares of Extreme Networks during the 3rd quarter worth approximately $26,000. GAMMA Investing LLC raised its holdings in shares of Extreme Networks by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock worth $30,000 after buying an additional 1,035 shares in the last quarter. Byrne Asset Management LLC bought a new stake in shares of Extreme Networks during the 4th quarter worth $30,000. Pacer Advisors Inc. boosted its stake in Extreme Networks by 31.4% in the fourth quarter. Pacer Advisors Inc. now owns 3,104 shares of the technology company’s stock valued at $52,000 after buying an additional 741 shares in the last quarter. Finally, KBC Group NV grew its position in Extreme Networks by 54.3% in the third quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock valued at $75,000 after acquiring an additional 1,745 shares during the last quarter. Institutional investors own 91.05% of the company’s stock.

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.