22 Jul Extreme Networks, Inc (NASDAQ:EXTR) Receives $9.50 Consensu…
Shares of Extreme Networks, Inc (NASDAQ:EXTR) have received a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $9.50.
Several research analysts have recently weighed in on EXTR shares. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, June 4th. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.
Hedge funds and other institutional investors have recently modified their holdings of the business. Menta Capital LLC bought a new position in Extreme Networks in the 4th quarter worth about $180,000. Boston Advisors LLC bought a new position in Extreme Networks in the 1st quarter worth about $2,092,000. Assenagon Asset Management S.A. boosted its stake in Extreme Networks by 285.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 692,828 shares of the technology company’s stock worth $5,189,000 after purchasing an additional 513,187 shares during the period. Meeder Asset Management Inc. boosted its stake in Extreme Networks by 438.4% in the 1st quarter. Meeder Asset Management Inc. now owns 3,467 shares of the technology company’s stock worth $26,000 after purchasing an additional 2,823 shares during the period. Finally, Oregon Public Employees Retirement Fund purchased a new stake in shares of Extreme Networks in the 4th quarter valued at about $275,000. Institutional investors and hedge funds own 80.89% of the company’s stock.
Shares of Extreme Networks stock opened at $6.77 on Friday. Extreme Networks has a 1 year low of $4.81 and a 1 year high of $9.08. The stock has a market cap of $803.97 million, a price-to-earnings ratio of 25.07 and a beta of 1.57. The company’s fifty day simple moving average is $5.99. The company has a current ratio of 1.29, a quick ratio of 1.10 and a debt-to-equity ratio of 1.37.
Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Extreme Networks had a positive return on equity of 26.15% and a negative net margin of 1.41%. The firm had revenue of $250.90 million during the quarter, compared to analyst estimates of $253.49 million. During the same period last year, the firm posted $0.16 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts forecast that Extreme Networks will post 0.08 EPS for the current fiscal year.
About Extreme Networks
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.
Featured Story: What is Liquidity?
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.