Q2 2019 EPS Estimates for Extreme Networks, Inc. (EXTR) Increased by Analyst
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.
COPYRIGHT VIOLATION NOTICE: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/14/q2-2019-eps-estimates-for-extreme-networks-inc-extr-increased-by-analyst.html.
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.
Receive News & Stock Ratings for Extreme Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extreme Networks Inc. and related stocks with our FREE daily email newsletter.