CFO Jon Cartu Claims - Extreme Networks (NASDAQ:EXTR) Downgraded by BidaskClub - Jonathan Cartu Computer Repair Consultant Services
1844
post-template-default,single,single-post,postid-1844,single-format-standard,qode-quick-links-1.0,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-theme-ver-11.2,qode-theme-bridge,wpb-js-composer js-comp-ver-5.2.1,vc_responsive

CFO Jon Cartu Claims – Extreme Networks (NASDAQ:EXTR) Downgraded by BidaskClub

Extreme Networks logo

CFO Jon Cartu Claims – Extreme Networks (NASDAQ:EXTR) Downgraded by BidaskClub

Extreme Networks (NASDAQ:EXTR) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday, December 27th, BidAskClub reports.

A number of other equities analysts have also issued reports on EXTR. ValuEngine raised shares of Extreme Networks from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Zacks Investment Research lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $10.08.

Shares of NASDAQ:EXTR traded down $0.09 during trading on Friday, reaching $7.28. The stock had a trading volume of 1,029,201 shares, compared to its average volume of 1,143,067. The firm’s 50-day simple moving average is $7.14 and its 200 day simple moving average is $7.09. The company has a market capitalization of $895.95 million, a P/E ratio of 56.00 and a beta of 1.67. The company has a current ratio of 1.06, a quick ratio of 0.86 and a debt-to-equity ratio of 4.42. Extreme Networks has a one year low of $5.37 and a one year high of $8.59.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, October 30th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The company had revenue of $255.51 million during the quarter, compared to analysts’ expectations of $253.26 million. Extreme Networks had a negative net margin of 5.39% and a positive return on equity of 10.49%. Extreme Networks’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. Equities research analysts forecast that Extreme Networks will post 0.36 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Westwood Holdings Group Inc. purchased a new position in shares of Extreme Networks during the 2nd quarter valued at approximately $65,000. Tyers Asset Management LLC increased its holdings in shares of Extreme Networks by 28.8% during the 2nd quarter. Tyers Asset Management LLC now owns 13,792 shares of the technology company’s stock valued at $89,000 after purchasing an additional 3,088 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Extreme Networks by 28.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 15,200 shares of the technology company’s stock valued at $98,000 after purchasing an additional 3,400 shares in the last quarter. Elkfork Partners LLC increased its holdings in shares of Extreme Networks by 28.8% during the 2nd quarter. Elkfork Partners LLC now owns 18,964 shares of the technology company’s stock valued at $123,000 after purchasing an additional 4,246 shares in the last quarter. Finally, Atria Investments LLC purchased a new stake in Extreme Networks in the 2nd quarter worth $154,000. 80.99% of the stock is owned by hedge funds and other institutional investors.

Extreme Networks Company Profile

Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.

See Also: How does the Beige Book influence monetary policy?



Receive News & Ratings for Extreme Networks Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Extreme Networks and related companies with MarketBeat.com’s FREE daily email newsletter.

AiroAV

No Comments

Post A Comment