Extreme Networks, Inc. (NASDAQ:EXTR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $18.25.

EXTR has been the topic of a number of recent analyst reports. Craig Hallum raised Extreme Networks from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $14.00 in a report on Thursday, May 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 target price on shares of Extreme Networks in a research note on Monday, June 10th. Rosenblatt Securities raised Extreme Networks from a “neutral” rating to a “buy” rating and increased their price target for the stock from $15.00 to $17.00 in a research note on Thursday, May 2nd. Finally, B. Riley lifted their price objective on shares of Extreme Networks from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd.

Institutional Investors Weigh In On Extreme Networks

Several large investors have recently modified their holdings of EXTR. Vanguard Group Inc. boosted its position in shares of Extreme Networks by 17.0% in the 3rd quarter. Vanguard Group Inc. now owns 12,895,107 shares of the technology company’s stock valued at $312,191,000 after purchasing an additional 1,877,727 shares during the period. Raymond James & Associates raised its holdings in shares of Extreme Networks by 4.1% during the fourth quarter. Raymond James & Associates now owns 540,028 shares of the technology company’s stock valued at $9,526,000 after acquiring an additional 21,203 shares during the period. Pacer Advisors Inc. lifted its position in shares of Extreme Networks by 167,176.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,409,102 shares of the technology company’s stock valued at $60,137,000 after acquiring an additional 3,407,064 shares in the last quarter. Knights of Columbus Asset Advisors LLC acquired a new position in Extreme Networks in the 4th quarter worth approximately $1,613,000. Finally, Gallacher Capital Management LLC purchased a new position in Extreme Networks during the 4th quarter worth approximately $257,000. 91.05% of the stock is owned by institutional investors.

Extreme Networks Price Performance

Shares of EXTR opened at $13.88 on Friday. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.96 and a quick ratio of 0.61. The company has a market cap of $1.80 billion, a P/E ratio of -198.29, a PEG ratio of 2.21 and a beta of 1.79. Extreme Networks has a 12 month low of $10.49 and a 12 month high of $32.73. The stock has a fifty day moving average price of $11.94 and a 200 day moving average price of $12.80.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The firm had revenue of $211.04 million for the quarter, compared to the consensus estimate of $207.80 million. Extreme Networks had a positive return on equity of 37.36% and a negative net margin of 0.52%. On average, research analysts forecast that Extreme Networks will post 0.08 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.