Extreme Networks (NASDAQ:EXTR) Given Daily Coverage Optimism Score of 0.30

Media headlines about Extreme Networks (NASDAQ:EXTR) have trended positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Extreme Networks earned a news sentiment score of 0.30 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.8643679797928 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s rankings:

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Shares of NASDAQ:EXTR traded down $0.49 during midday trading on Monday, reaching $10.58. 1,401,951 shares of the company traded hands, compared to its average volume of 2,568,924. Extreme Networks has a 12 month low of $6.83 and a 12 month high of $15.55. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.89 and a current ratio of 1.13. The firm has a market cap of $1,276.01, a price-to-earnings ratio of 31.12, a PEG ratio of 1.25 and a beta of 1.60.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $231.12 million during the quarter, compared to analysts’ expectations of $241.49 million. Extreme Networks had a positive return on equity of 44.24% and a negative net margin of 2.72%. The company’s revenue for the quarter was up 47.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 EPS. equities analysts predict that Extreme Networks will post 0.52 EPS for the current fiscal year.

A number of equities research analysts have weighed in on EXTR shares. Needham & Company LLC lifted their target price on Extreme Networks from $14.85 to $15.50 and gave the stock a “buy” rating in a report on Wednesday, February 7th. DA Davidson raised their price objective on Extreme Networks from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Cowen reaffirmed a “buy” rating and set a $18.00 target price on shares of Extreme Networks in a research report on Wednesday, February 7th. BidaskClub cut Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 16th. Finally, Zacks Investment Research upgraded Extreme Networks from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Thursday, March 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $16.25.

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About Extreme Networks

Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. 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.

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