Brokerages Set Extreme Networks, Inc. (NASDAQ:EXTR) Price Target at $15.90

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $15.90.

A number of research firms have issued reports on EXTR. Craig Hallum boosted their price objective on shares of Extreme Networks from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $16.50 price objective on shares of Extreme Networks in a research note on Thursday, August 8th.

Extreme Networks Trading Down 0.3 %

Shares of Extreme Networks stock opened at $15.75 on Friday. The company’s 50-day moving average price is $13.90 and its 200-day moving average price is $12.39. The company has a current ratio of 0.90, a quick ratio of 0.63 and a debt-to-equity ratio of 7.05. The company has a market cap of $2.05 billion, a price-to-earnings ratio of -225.00, a PEG ratio of 3.63 and a beta of 1.79. Extreme Networks has a 12-month low of $10.49 and a 12-month high of $27.92.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The business had revenue of $256.65 million for the quarter, compared to the consensus estimate of $253.21 million. Extreme Networks had a negative net margin of 7.69% and a negative return on equity of 24.51%. The business’s revenue was down 29.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. On average, equities analysts expect that Extreme Networks will post 0.25 earnings per share for the current fiscal year.

Institutional Trading of Extreme Networks

Several large investors have recently modified their holdings of EXTR. Andina Capital Management LLC boosted its stake in shares of Extreme Networks by 3.8% during the 2nd quarter. Andina Capital Management LLC now owns 19,610 shares of the technology company’s stock worth $264,000 after acquiring an additional 719 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Extreme Networks by 2.5% during the second quarter. Louisiana State Employees Retirement System now owns 65,400 shares of the technology company’s stock valued at $880,000 after purchasing an additional 1,600 shares in the last quarter. ProShare Advisors LLC increased its position in Extreme Networks by 7.3% in the first quarter. ProShare Advisors LLC now owns 25,502 shares of the technology company’s stock worth $294,000 after buying an additional 1,741 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Extreme Networks by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 64,433 shares of the technology company’s stock worth $867,000 after buying an additional 1,749 shares during the period. Finally, Ensign Peak Advisors Inc lifted its position in shares of Extreme Networks by 4.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 47,907 shares of the technology company’s stock valued at $644,000 after buying an additional 2,250 shares in 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.