Brokerages Set Extreme Networks, Inc. (NASDAQ:EXTR) PT at $20.64

Extreme Networks, Inc. (NASDAQ:EXTR) has been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $20.64.

A number of research firms have recently issued reports on EXTR. Rosenblatt Securities raised shares of Extreme Networks from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $15.00 to $17.00 in a report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $16.50 price objective on shares of Extreme Networks in a report on Monday, June 10th. Craig Hallum upgraded Extreme Networks from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $14.00 in a research report on Thursday, May 16th. Finally, B. Riley boosted their target price on Extreme Networks from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd.

Extreme Networks Stock Up 2.2 %

EXTR opened at $12.65 on Monday. The firm has a market capitalization of $1.64 billion, a P/E ratio of -180.71, a price-to-earnings-growth ratio of 9.10 and a beta of 1.78. Extreme Networks has a one year low of $10.49 and a one year high of $32.73. The company has a fifty day moving average price of $11.40 and a 200-day moving average price of $13.18. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.96 and a quick ratio of 0.61.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The business had revenue of $211.04 million for the quarter, compared to analysts’ expectations of $207.80 million. Extreme Networks had a positive return on equity of 37.36% and a negative net margin of 0.52%. Equities research analysts expect that Extreme Networks will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Extreme Networks

Several large investors have recently modified their holdings of EXTR. Westover Capital Advisors LLC raised its position in Extreme Networks by 0.4% during the 3rd quarter. Westover Capital Advisors LLC now owns 161,860 shares of the technology company’s stock valued at $3,919,000 after purchasing an additional 716 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Extreme Networks by 0.3% during the third quarter. Nordea Investment Management AB now owns 228,483 shares of the technology company’s stock valued at $5,596,000 after acquiring an additional 779 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Extreme Networks by 3.9% in the fourth quarter. Handelsbanken Fonder AB now owns 24,000 shares of the technology company’s stock worth $423,000 after acquiring an additional 900 shares during the period. SkyView Investment Advisors LLC lifted its stake in Extreme Networks by 2.5% in the third quarter. SkyView Investment Advisors LLC now owns 55,274 shares of the technology company’s stock worth $1,338,000 after acquiring an additional 1,374 shares during the period. Finally, Tucker Asset Management LLC bought a new stake in Extreme Networks in the third quarter valued at $41,000. 91.05% of the stock is owned by institutional investors.

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.