Extreme Networks, Inc. (NASDAQ:EXTR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $18.25.

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 price objective on shares of Extreme Networks in a research note on Monday, June 10th. Craig Hallum upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and boosted their price target for the company from $13.00 to $14.00 in a research report on Thursday, May 16th. B. Riley increased their price objective on Extreme Networks from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Rosenblatt Securities upgraded Extreme Networks from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $15.00 to $17.00 in a research report on Thursday, May 2nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in Extreme Networks during the first quarter worth about $27,000. Allworth Financial LP raised its holdings in shares of Extreme Networks by 4,924.4% during the 4th quarter. Allworth Financial LP now owns 2,060 shares of the technology company’s stock valued at $36,000 after buying an additional 2,019 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Extreme Networks in the 4th quarter worth approximately $82,000. Quest Partners LLC bought a new stake in Extreme Networks in the 4th quarter worth approximately $104,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in Extreme Networks by 66.2% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 6,227 shares of the technology company’s stock worth $105,000 after buying an additional 2,481 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Price Performance

Extreme Networks stock opened at $14.04 on Friday. The firm has a market capitalization of $1.82 billion, a P/E ratio of -200.57, a PEG ratio of 2.28 and a beta of 1.79. Extreme Networks has a one year low of $10.49 and a one year high of $32.73. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.96 and a quick ratio of 0.61. The business has a fifty day moving average price of $12.11 and a 200-day moving average price of $12.65.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results 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 company had revenue of $211.04 million during the quarter, compared to the consensus estimate of $207.80 million. Extreme Networks had a positive return on equity of 37.36% and a negative net margin of 0.52%. As a group, equities research analysts forecast that Extreme Networks will post 0.08 EPS for the current year.

Extreme Networks Company Profile

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.