Extreme Networks, Inc (NASDAQ:EXTR) – Stock analysts at DA Davidson raised their Q4 2017 earnings estimates for shares of Extreme Networks in a report issued on Thursday, according to Zacks Investment Research. DA Davidson analyst M. Kelleher now anticipates that the technology company will post earnings of $0.11 per share for the quarter, up from their previous forecast of $0.09. DA Davidson currently has a “Buy” rating and a $10.00 target price on the stock. DA Davidson also issued estimates for Extreme Networks’ Q4 2018 earnings at $0.15 EPS.
A number of other analysts also recently issued reports on EXTR. Zacks Investment Research downgraded Extreme Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 7th. TheStreet raised Extreme Networks from a “d” rating to a “c-” rating in a report on Wednesday, February 1st. Finally, Needham & Company LLC lifted their price target on Extreme Networks from $7.00 to $9.50 and gave the stock a “buy” rating in a report on Thursday, March 30th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $7.50.
Shares of Extreme Networks (NASDAQ:EXTR) traded up 0.503% on Monday, reaching $8.995. The company had a trading volume of 385,516 shares. The company has a 50 day moving average of $7.92 and a 200-day moving average of $6.03. The company’s market capitalization is $990.94 million. Extreme Networks has a 52 week low of $3.07 and a 52 week high of $9.53.
Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Wednesday, May 3rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Extreme Networks had a positive return on equity of 22.92% and a negative net margin of 5.27%. The company had revenue of $148.70 million for the quarter, compared to analyst estimates of $155.89 million. During the same period in the prior year, the company posted $0.03 EPS. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of EXTR. RK Capital Management LLC purchased a new stake in Extreme Networks during the fourth quarter worth approximately $6,857,000. Dimensional Fund Advisors LP boosted its stake in Extreme Networks by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,030,440 shares of the technology company’s stock worth $10,213,000 after buying an additional 219,564 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in Extreme Networks during the fourth quarter worth approximately $143,000. State Street Corp boosted its stake in Extreme Networks by 9.1% in the fourth quarter. State Street Corp now owns 1,906,614 shares of the technology company’s stock worth $9,592,000 after buying an additional 158,280 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in Extreme Networks during the fourth quarter worth approximately $252,000. Institutional investors and hedge funds own 79.23% of the company’s stock.
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.
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