Extreme Networks (NASDAQ:EXTR) had its target price hoisted by research analysts at DA Davidson from $16.00 to $17.00 in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm presently has a “buy” rating on the technology company’s stock. DA Davidson’s price target would suggest a potential upside of 57.85% from the stock’s current price.
A number of other equities research analysts have also issued reports on EXTR. BidaskClub raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st. Cowen reaffirmed a “buy” rating and issued a $18.00 price target on shares of Extreme Networks in a research report on Wednesday. Zacks Investment Research lowered Extreme Networks from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. JMP Securities began coverage on Extreme Networks in a research report on Wednesday, January 3rd. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, ValuEngine lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.08.
Extreme Networks (NASDAQ EXTR) opened at $10.77 on Wednesday. Extreme Networks has a twelve month low of $5.52 and a twelve month high of $15.55. The company has a market capitalization of $1,220.00, a PE ratio of -56.68, a P/E/G ratio of 1.38 and a beta of 1.31. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 1.11.
In other news, Director Raj Khanna sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $13.81, for a total transaction of $138,100.00. Following the sale, the director now owns 99,523 shares of the company’s stock, valued at approximately $1,374,412.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Carinalli sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $12.91, for a total value of $258,200.00. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Extreme Networks during the 3rd quarter worth about $116,000. PNC Financial Services Group Inc. acquired a new stake in shares of Extreme Networks during the 2nd quarter worth about $101,000. Howe & Rusling Inc. raised its position in shares of Extreme Networks by 2,623.5% during the 3rd quarter. Howe & Rusling Inc. now owns 11,357 shares of the technology company’s stock worth $135,000 after acquiring an additional 10,940 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Extreme Networks during the 2nd quarter worth about $116,000. Finally, Atria Investments LLC acquired a new stake in shares of Extreme Networks during the 4th quarter worth about $165,000. 82.16% of the stock is currently owned by institutional investors and hedge funds.
About Extreme Networks
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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