State Board of Administration of Florida Retirement System maintained its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,134 shares of the technology company’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System owned about 0.09% of Extreme Networks worth $722,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of EXTR. Bank of Montreal Can boosted its position in shares of Extreme Networks by 3,689.4% in the first quarter. Bank of Montreal Can now owns 15,006 shares of the technology company’s stock valued at $113,000 after buying an additional 14,610 shares in the last quarter. Allianz Asset Management AG boosted its position in shares of Extreme Networks by 142.7% in the fourth quarter. Allianz Asset Management AG now owns 24,600 shares of the technology company’s stock valued at $124,000 after buying an additional 14,465 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Extreme Networks during the fourth quarter valued at approximately $143,000. CAPROCK Group Inc. boosted its position in shares of Extreme Networks by 10.8% in the first quarter. CAPROCK Group Inc. now owns 27,265 shares of the technology company’s stock valued at $205,000 after buying an additional 2,665 shares in the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in shares of Extreme Networks during the fourth quarter valued at approximately $220,000. 82.51% of the stock is owned by institutional investors.
Extreme Networks, Inc. (NASDAQ EXTR) opened at 10.26 on Thursday. The stock’s market cap is $1.13 billion. The firm has a 50-day moving average of $9.47 and a 200-day moving average of $6.93. Extreme Networks, Inc. has a 1-year low of $3.07 and a 1-year high of $11.03.
Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Extreme Networks had a negative net margin of 4.12% and a positive return on equity of 33.40%. The business had revenue of $148.70 million during the quarter, compared to analyst estimates of $155.89 million. During the same period last year, the firm posted $0.03 EPS. The company’s revenue was up 18.7% on a year-over-year basis. Analysts expect that Extreme Networks, Inc. will post $0.43 EPS for the current fiscal year.
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Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $7.00 price objective (up previously from $6.25) on shares of Extreme Networks in a research note on Wednesday, March 8th. BidaskClub cut shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a research note on Thursday, March 16th. Finally, DA Davidson boosted their price target on shares of Extreme Networks from $7.50 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, March 30th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Extreme Networks has an average rating of “Buy” and an average price target of $8.10.
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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