Analysts Set Extreme Networks, Inc. (NASDAQ:EXTR) Price Target at $19.00

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $19.25.

A number of equities analysts have weighed in on EXTR shares. Rosenblatt Securities boosted their target price on Extreme Networks from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday. B. Riley boosted their price objective on shares of Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Craig Hallum raised their target price on shares of Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Extreme Networks in a research note on Thursday.

Extreme Networks Trading Down 1.1 %

NASDAQ:EXTR opened at $15.60 on Tuesday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -16.08, a PEG ratio of 3.76 and a beta of 1.75. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33. The company’s 50 day moving average price is $17.19 and its 200-day moving average price is $15.59. Extreme Networks has a 52 week low of $10.49 and a 52 week high of $19.24.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, January 29th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Extreme Networks had a negative return on equity of 80.55% and a negative net margin of 12.11%. On average, equities research analysts forecast 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 company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.70, for a total value of $83,500.00. Following the completion of the transaction, the director now owns 366,793 shares of the company’s stock, valued at approximately $6,125,443.10. This represents a 1.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Extreme Networks

Hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new position in Extreme Networks during the second quarter valued at approximately $1,745,000. The Manufacturers Life Insurance Company increased its stake in Extreme Networks by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 64,433 shares of the technology company’s stock worth $867,000 after acquiring an additional 1,749 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Extreme Networks by 75.3% during the 2nd quarter. Mackenzie Financial Corp now owns 26,888 shares of the technology company’s stock valued at $362,000 after acquiring an additional 11,549 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in shares of Extreme Networks by 491.1% in the second quarter. Susquehanna Fundamental Investments LLC now owns 333,644 shares of the technology company’s stock valued at $4,488,000 after purchasing an additional 277,196 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in Extreme Networks by 61.1% in the second quarter. Point72 Asset Management L.P. now owns 689,222 shares of the technology company’s stock worth $9,270,000 after purchasing an additional 261,322 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

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.