Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $13.33.

Several equities analysts have commented on the company. BidaskClub downgraded Extreme Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Friday, August 18th. Needham & Company LLC reiterated a “buy” rating on shares of Extreme Networks in a research report on Friday, November 10th. Craig Hallum restated a “buy” rating and set a $17.00 price objective (up from $12.50) on shares of Extreme Networks in a research report on Wednesday, November 8th. Finally, ValuEngine downgraded Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

WARNING: This piece of content was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/11/19/extreme-networks-inc-extr-receives-consensus-rating-of-buy-from-brokerages.html.

In other Extreme Networks news, Director Kathleen M. Holmgren bought 5,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was acquired at an average cost of $11.49 per share, for a total transaction of $57,450.00. Following the completion of the acquisition, the director now 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 accessible through the SEC website. Also, insider Edward Meyercord sold 100,000 shares of Extreme Networks stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $10.52, for a total value of $1,052,000.00. Following the completion of the sale, the insider now owns 471,653 shares of the company’s stock, valued at $4,961,789.56. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Amalgamated Bank increased its holdings in Extreme Networks by 10.9% in the second quarter. Amalgamated Bank now owns 14,049 shares of the technology company’s stock worth $130,000 after purchasing an additional 1,378 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Extreme Networks by 13.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company’s stock worth $124,000 after purchasing an additional 1,565 shares in the last quarter. Legal & General Group Plc increased its holdings in Extreme Networks by 7.4% in the second quarter. Legal & General Group Plc now owns 26,483 shares of the technology company’s stock worth $245,000 after purchasing an additional 1,819 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Extreme Networks by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 84,882 shares of the technology company’s stock worth $782,000 after purchasing an additional 3,319 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in Extreme Networks by 7.8% in the second quarter. Voya Investment Management LLC now owns 51,883 shares of the technology company’s stock worth $478,000 after purchasing an additional 3,773 shares in the last quarter. Institutional investors and hedge funds own 76.89% of the company’s stock.

Extreme Networks (NASDAQ EXTR) traded down $0.02 during trading on Friday, reaching $12.81. The company’s stock had a trading volume of 3,062,876 shares, compared to its average volume of 1,639,614. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1,452.91, a P/E ratio of 29.79, a PEG ratio of 1.35 and a beta of 1.13. Extreme Networks has a 1 year low of $4.17 and a 1 year high of $13.20.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Tuesday, November 7th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $211.72 million during the quarter, compared to the consensus estimate of $203.86 million. Extreme Networks had a return on equity of 46.58% and a net margin of 0.34%. The business’s quarterly revenue was up 72.5% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. equities research analysts forecast that Extreme Networks will post 0.56 EPS for the current year.

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.