Extreme Networks (EXTR) Stock Rating Lowered by TheStreet

TheStreet downgraded shares of Extreme Networks (NASDAQ:EXTR) from a c- rating to a d+ rating in a report issued on Wednesday.

Several other research analysts also recently commented on EXTR. ValuEngine raised shares of Extreme Networks from a strong sell rating to a sell rating in a research note on Thursday, May 17th. BidaskClub raised shares of Extreme Networks from a hold rating to a buy rating in a research note on Wednesday, June 13th. Zacks Investment Research raised shares of Extreme Networks from a hold rating to a buy rating and set a $9.50 price target on the stock in a research note on Tuesday, July 3rd. Finally, Needham & Company LLC downgraded shares of Extreme Networks from a buy rating to a hold rating in a research note on Wednesday, August 8th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $11.75.

EXTR stock opened at $5.74 on Wednesday. The stock has a market capitalization of $690.99 million, a P/E ratio of 13.05, a P/E/G ratio of 1.04 and a beta of 1.15. Extreme Networks has a 12 month low of $5.35 and a 12 month high of $15.55. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 1.67.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The company had revenue of $278.30 million for the quarter, compared to the consensus estimate of $279.22 million. Extreme Networks had a negative net margin of 4.76% and a positive return on equity of 43.70%. The firm’s revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS. equities research analysts expect that Extreme Networks will post 0.4 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Usca Ria LLC bought a new position in Extreme Networks during the 2nd quarter worth about $102,000. Riverhead Capital Management LLC bought a new position in Extreme Networks during the 1st quarter worth about $106,000. Campbell & CO Investment Adviser LLC bought a new position in Extreme Networks during the 2nd quarter worth about $108,000. Financial Gravity Wealth Inc. bought a new position in Extreme Networks during the 1st quarter worth about $135,000. Finally, Raymond James Trust N.A. bought a new position in Extreme Networks during the 2nd quarter worth about $141,000. Institutional investors own 81.11% of the company’s stock.

About Extreme Networks

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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Analyst Recommendations for Extreme Networks (NASDAQ:EXTR)

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