Extreme Networks’ (EXTR) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Extreme Networks (NASDAQ:EXTRFree Report) in a research report released on Monday, Benzinga reports. Needham & Company LLC currently has a $16.50 price objective on the technology company’s stock.

EXTR has been the subject of several other reports. Rosenblatt Securities upgraded Extreme Networks from a neutral rating to a buy rating and boosted their price objective for the company from $15.00 to $17.00 in a research report on Thursday, May 2nd. Craig Hallum upgraded shares of Extreme Networks from a hold rating to a buy rating and upped their price target for the company from $13.00 to $14.00 in a report on Thursday, May 16th. TheStreet downgraded shares of Extreme Networks from a b- rating to a c+ rating in a research report on Tuesday, February 20th. Finally, B. Riley boosted their price objective on shares of Extreme Networks from $14.00 to $15.00 and gave the company a buy rating in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Extreme Networks currently has an average rating of Moderate Buy and a consensus target price of $20.64.

Get Our Latest Analysis on Extreme Networks

Extreme Networks Price Performance

Shares of NASDAQ:EXTR opened at $12.05 on Monday. The company has a 50 day moving average price of $11.25 and a two-hundred day moving average price of $13.39. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.61 and a current ratio of 0.96. The company has a market capitalization of $1.57 billion, a PE ratio of -172.14, a PEG ratio of 8.72 and a beta of 1.78. Extreme Networks has a 52 week low of $10.49 and a 52 week high of $32.73.

Extreme Networks (NASDAQ:EXTRGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). The firm had revenue of $211.04 million during the quarter, compared to the consensus estimate of $207.80 million. Extreme Networks had a negative net margin of 0.52% and a positive return on equity of 37.36%. Analysts forecast that Extreme Networks will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Extreme Networks

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXTR. Pacer Advisors Inc. grew its holdings in shares of Extreme Networks by 167,176.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,409,102 shares of the technology company’s stock valued at $60,137,000 after acquiring an additional 3,407,064 shares in the last quarter. Vanguard Group Inc. grew its stake in Extreme Networks by 16.9% in the first quarter. Vanguard Group Inc. now owns 15,181,169 shares of the technology company’s stock valued at $175,191,000 after purchasing an additional 2,191,181 shares in the last quarter. Norges Bank acquired a new position in shares of Extreme Networks during the 4th quarter worth approximately $33,267,000. Fred Alger Management LLC bought a new stake in shares of Extreme Networks during the 3rd quarter worth approximately $33,920,000. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Extreme Networks in the 3rd quarter valued at approximately $31,284,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Extreme Networks Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Extreme Networks (NASDAQ:EXTR)

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