Extreme Networks, Inc. (EXTR) Short Interest Update

Extreme Networks, Inc. (NASDAQ:EXTR) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 2,036,617 shares, a decrease of 26.0% from the July 31st total of 2,751,718 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,830,283 shares, the days-to-cover ratio is presently 1.1 days.

Shares of Extreme Networks (EXTR) traded down 0.88% during trading on Friday, reaching $11.23. 1,788,403 shares of the company’s stock were exchanged. The stock’s market cap is $1.24 billion. The company has a 50 day moving average of $10.33 and a 200 day moving average of $8.90. Extreme Networks has a 12-month low of $3.79 and a 12-month high of $11.90.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Monday, August 14th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $178.70 million during the quarter, compared to the consensus estimate of $171.96 million. Extreme Networks had a negative net margin of 1.42% and a positive return on equity of 43.34%. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. Equities research analysts anticipate that Extreme Networks will post $0.70 EPS for the current year.

In other news, insider Edward Meyercord sold 65,000 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $10.10, for a total transaction of $656,500.00. Following the sale, the insider now directly owns 563,034 shares in the company, valued at approximately $5,686,643.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen M. Holmgren bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were acquired at an average price of $11.49 per share, for a total transaction of $57,450.00. Following the completion of the transaction, the director now directly owns 36,662 shares in the company, valued at approximately $421,246.38. The disclosure for this purchase can be found here. 1.91% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new stake in Extreme Networks in the second quarter valued at $397,000. Koch Industries Inc. bought a new stake in Extreme Networks in the second quarter valued at $144,000. Ameritas Investment Partners Inc. lifted its stake in Extreme Networks by 13.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company’s stock valued at $124,000 after buying an additional 1,565 shares during the last quarter. Castleark Management LLC bought a new stake in Extreme Networks in the second quarter valued at $3,417,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Extreme Networks by 139.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 72,936 shares of the technology company’s stock valued at $672,000 after buying an additional 42,436 shares during the last quarter. Institutional investors own 81.87% of the company’s stock.

EXTR has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. ValuEngine upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded shares of Extreme Networks from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $12.50 price target (up from $9.50) on shares of Extreme Networks in a report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $9.10.

WARNING: “Extreme Networks, Inc. (EXTR) Short Interest Update” was published by BBNS and is the sole property of of BBNS. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://baseballnewssource.com/markets/extreme-networks-inc-extr-sees-significant-drop-in-short-interest/1565781.html.

Extreme Networks Company Profile

Extreme Networks, Inc is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthcare, service provider and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis. The Company operates through the development and marketing of network infrastructure equipment segment.

Receive News & Ratings for Extreme Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extreme Networks Inc. and related companies with our FREE daily email newsletter.

 


Latest News

New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw


Leave a Reply

 
© 2006-2017 BBNS.