Extreme Networks, Inc. (NASDAQ:EXTR) – Equities research analysts at DA Davidson raised their Q2 2019 earnings estimates for shares of Extreme Networks in a report issued on Wednesday. DA Davidson analyst M. Kelleher now expects that the technology company will post earnings per share of $0.18 for the quarter, up from their prior estimate of $0.15. DA Davidson also issued estimates for Extreme Networks’ Q3 2019 earnings at $0.22 EPS and FY2019 earnings at $0.82 EPS.

A number of other analysts have also recently weighed in on EXTR. Zacks Investment Research raised shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating on shares of Extreme Networks in a research report on Friday. Craig Hallum reissued a “buy” rating and issued a $17.00 price objective (up from $12.50) on shares of Extreme Networks in a research report on Wednesday, November 8th. BidaskClub raised shares of Extreme Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, ValuEngine cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $13.25.

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Shares of Extreme Networks (NASDAQ EXTR) traded up $0.32 during trading on Monday, reaching $11.56. 1,895,800 shares of the company were exchanged, compared to its average volume of 1,522,888. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 1.11. Extreme Networks has a 12-month low of $4.17 and a 12-month high of $13.20. The stock has a market cap of $1,310.00, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.19 and a beta of 1.12.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Extreme Networks had a net margin of 0.34% and a return on equity of 46.58%. The firm had revenue of $211.72 million during the quarter, compared to analysts’ expectations of $203.86 million. During the same period in the prior year, the company earned $0.07 EPS. The firm’s revenue was up 72.5% on a year-over-year basis.

A number of large investors have recently bought and sold shares of EXTR. Royce & Associates LP raised its stake in shares of Extreme Networks by 3.5% in the 3rd quarter. Royce & Associates LP now owns 934,597 shares of the technology company’s stock valued at $11,112,000 after purchasing an additional 32,000 shares in the last quarter. Nicholas Investment Partners LP raised its stake in shares of Extreme Networks by 22.9% in the 3rd quarter. Nicholas Investment Partners LP now owns 582,267 shares of the technology company’s stock valued at $6,923,000 after purchasing an additional 108,389 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of Extreme Networks in the 3rd quarter valued at about $723,000. Brown Advisory Inc. acquired a new stake in shares of Extreme Networks in the 3rd quarter valued at about $349,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Extreme Networks by 0.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 775,569 shares of the technology company’s stock valued at $9,222,000 after purchasing an additional 6,626 shares in the last quarter. 77.65% of the stock is owned by institutional investors.

In other news, Director Kathleen M. Holmgren acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was bought at an average cost of $11.49 per share, with a total value of $57,450.00. Following the transaction, the director now directly owns 36,662 shares in the company, valued at approximately $421,246.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Meyercord sold 100,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $10.52, for a total transaction of $1,052,000.00. Following the completion of the transaction, the insider now directly owns 471,653 shares of the company’s stock, valued at $4,961,789.56. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

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.

Earnings History and Estimates for Extreme Networks (NASDAQ:EXTR)

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