Extreme Networks Inc. (NASDAQ:EXTR) Director Charles Carinalli sold 31,536 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $4.48, for a total value of $141,281.28. Following the transaction, the director now owns 321,631 shares of the company’s stock, valued at approximately $1,440,906.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Extreme Networks Inc. (NASDAQ:EXTR) opened at 4.59 on Thursday. The stock’s market cap is $491.38 million. The company has a 50-day moving average price of $4.36 and a 200 day moving average price of $3.95. Extreme Networks Inc. has a 52-week low of $2.32 and a 52-week high of $4.71.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business earned $122.60 million during the quarter, compared to the consensus estimate of $126.06 million. Extreme Networks had a negative net margin of 5.10% and a positive return on equity of 17.60%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 earnings per share. On average, analysts expect that Extreme Networks Inc. will post $0.33 earnings per share for the current year.

Insider Buying and Selling by Quarter for Extreme Networks (NASDAQ:EXTR)

A number of brokerages have recently weighed in on EXTR. Needham & Company LLC restated a “buy” rating and set a $4.30 price objective on shares of Extreme Networks in a research report on Wednesday, August 31st. Buckingham Research raised their price objective on Extreme Networks from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 15th. Wunderlich raised their price objective on Extreme Networks from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, September 15th. Zacks Investment Research lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Finally, DA Davidson upgraded Extreme Networks from a “neutral” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Thursday, September 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $4.95.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. increased its position in shares of Extreme Networks by 48.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 273,700 shares of the company’s stock worth $1,228,000 after buying an additional 89,500 shares during the period. Credit Suisse AG increased its position in shares of Extreme Networks by 137.0% in the third quarter. Credit Suisse AG now owns 287,090 shares of the company’s stock worth $1,289,000 after buying an additional 165,940 shares during the period. Verition Fund Management LLC purchased a new position in shares of Extreme Networks during the third quarter worth $207,000. Panagora Asset Management Inc. increased its position in shares of Extreme Networks by 80.1% in the third quarter. Panagora Asset Management Inc. now owns 206,008 shares of the company’s stock worth $925,000 after buying an additional 91,646 shares during the period. Finally, Highbridge Capital Management LLC increased its position in shares of Extreme Networks by 146.8% in the third quarter. Highbridge Capital Management LLC now owns 240,909 shares of the company’s stock worth $1,081,000 after buying an additional 143,277 shares during the period. Institutional investors and hedge funds own 80.28% of the company’s stock.

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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.

5 Day Chart for NASDAQ:EXTR

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