Extreme Networks (EXTR) Projected to Post Earnings on Wednesday

Extreme Networks (NASDAQ:EXTR) will likely be posting its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect Extreme Networks to post earnings of $0.18 per share and revenue of $278,050.00 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Extreme Networks Stock Performance

NASDAQ:EXTR opened at $17.46 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33. The firm has a 50-day moving average price of $17.06 and a two-hundred day moving average price of $15.44. Extreme Networks has a twelve month low of $10.49 and a twelve month high of $19.24. The company has a market capitalization of $2.31 billion, a P/E ratio of -18.00, a price-to-earnings-growth ratio of 3.77 and a beta of 1.75.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Rosenblatt Securities reiterated a “buy” rating and set a $21.00 price target on shares of Extreme Networks in a report on Wednesday, November 6th. B. Riley raised their target price on shares of Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Craig Hallum boosted their price target on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Insider Activity at Extreme Networks

In other news, Director Charles Carinalli sold 5,000 shares of Extreme Networks stock in a transaction on Monday, November 25th. The stock was 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. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward Meyercord sold 35,725 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $14.96, for a total value of $534,446.00. Following the sale, the chief executive officer now directly owns 1,448,378 shares of the company’s stock, valued at approximately $21,667,734.88. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,725 shares of company stock worth $863,546 in the last three months. 3.70% of the stock is owned by company insiders.

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.