Recent Analysts’ Ratings Updates for Extreme Networks (EXTR)

A number of firms have modified their ratings and price targets on shares of Extreme Networks (NASDAQ: EXTR) recently:

  • 5/11/2018 – Extreme Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Extreme Networks, Inc. is a leading provider of a next generation of switching solutions that meet the increasing needs of enterprise local area networks internet service providers and content providers. The key advantages of its Layer 3 switching solutions are increased performance, the ability to easily grow in size as customer needs change, flexible allocation of network resources, ease of use and lower cost of ownership. These advantages are obtained through the use of custom semiconductors, known as ASICs, in its products and through hardware and software designs. “
  • 5/9/2018 – Extreme Networks was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 5/9/2018 – Extreme Networks was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 5/9/2018 – Extreme Networks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. According to Zacks, “Extreme Networks, Inc. is a leading provider of a next generation of switching solutions that meet the increasing needs of enterprise local area networks internet service providers and content providers. The key advantages of its Layer 3 switching solutions are increased performance, the ability to easily grow in size as customer needs change, flexible allocation of network resources, ease of use and lower cost of ownership. These advantages are obtained through the use of custom semiconductors, known as ASICs, in its products and through hardware and software designs. “
  • 4/4/2018 – Extreme Networks was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/3/2018 – Extreme Networks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “Extreme Networks, Inc. is a leading provider of a next generation of switching solutions that meet the increasing needs of enterprise local area networks internet service providers and content providers. The key advantages of its Layer 3 switching solutions are increased performance, the ability to easily grow in size as customer needs change, flexible allocation of network resources, ease of use and lower cost of ownership. These advantages are obtained through the use of custom semiconductors, known as ASICs, in its products and through hardware and software designs. “
  • 4/2/2018 – Extreme Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Extreme Networks, Inc. is a leading provider of a next generation of switching solutions that meet the increasing needs of enterprise local area networks internet service providers and content providers. The key advantages of its Layer 3 switching solutions are increased performance, the ability to easily grow in size as customer needs change, flexible allocation of network resources, ease of use and lower cost of ownership. These advantages are obtained through the use of custom semiconductors, known as ASICs, in its products and through hardware and software designs. “
  • 3/29/2018 – Extreme Networks was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 3/27/2018 – Extreme Networks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Extreme Networks, Inc. is a leading provider of a next generation of switching solutions that meet the increasing needs of enterprise local area networks internet service providers and content providers. The key advantages of its Layer 3 switching solutions are increased performance, the ability to easily grow in size as customer needs change, flexible allocation of network resources, ease of use and lower cost of ownership. These advantages are obtained through the use of custom semiconductors, known as ASICs, in its products and through hardware and software designs. “

Extreme Networks traded up $0.15, reaching $8.72, during trading on Wednesday, according to Marketbeat Ratings. The company had a trading volume of 127,706 shares, compared to its average volume of 2,431,842. The stock has a market capitalization of $942.21 million, a P/E ratio of 25.65, a P/E/G ratio of 1.14 and a beta of 1.62. Extreme Networks has a 12-month low of $8.49 and a 12-month high of $8.71. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 1.36.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.05). Extreme Networks had a positive return on equity of 43.61% and a negative net margin of 3.28%. The company had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $268.32 million. During the same period in the prior year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 75.6% compared to the same quarter last year. research analysts predict that Extreme Networks will post 0.42 earnings per share for the current year.

In other Extreme Networks news, Director John C. Shoemaker bought 20,000 shares of the stock in a transaction on Friday, May 11th. The shares were bought at an average price of $8.40 per share, with a total value of $168,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Moloney Securities Asset Management LLC grew its stake in Extreme Networks by 220.5% during the 4th quarter. Moloney Securities Asset Management LLC now owns 78,100 shares of the technology company’s stock valued at $978,000 after acquiring an additional 53,732 shares in the last quarter. Thompson Davis & CO. Inc. grew its stake in Extreme Networks by 226.4% during the 4th quarter. Thompson Davis & CO. Inc. now owns 26,442 shares of the technology company’s stock valued at $331,000 after acquiring an additional 18,342 shares in the last quarter. Navellier & Associates Inc purchased a new position in Extreme Networks during the 4th quarter valued at about $1,230,000. MetLife Investment Advisors LLC purchased a new position in Extreme Networks during the 4th quarter valued at about $631,000. Finally, Advisor Group Inc. grew its stake in Extreme Networks by 35.2% during the 4th quarter. Advisor Group Inc. now owns 31,759 shares of the technology company’s stock valued at $398,000 after acquiring an additional 8,269 shares in the last quarter. 78.65% of the stock is currently owned by institutional investors.

Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. 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.

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