Extreme Networks (EXTR) Earning Somewhat Positive News Coverage, Analysis Shows
Press coverage about Extreme Networks (NASDAQ:EXTR) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Extreme Networks earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.965387510179 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- High Performance Data Analytics Market to Rear Excessive Growth During 2017 – 2025 (emailwire.com)
- U.S. judge clears Avaya Inc to exit bankruptcy (reuters.com)
- Extreme : Announces Upcoming Financial Conference Schedule (4-traders.com)
- Avaya Gets Approval to Emerge from Chapter 11 (commsbusiness.co.uk)
- U.S. judge clears Avaya Inc to exit bankruptcy: Reuters (pehub.com)
Extreme Networks (NASDAQ:EXTR) opened at $12.91 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. Extreme Networks has a one year low of $4.25 and a one year high of $14.34. The firm has a market cap of $1,457.45, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14.
Several research analysts recently weighed in on EXTR shares. Craig Hallum reissued a “buy” rating and set a $17.00 price objective (up previously from $12.50) on shares of Extreme Networks in a research note on Wednesday, November 8th. ValuEngine raised shares of Extreme Networks from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Needham & Company LLC reaffirmed a “buy” rating on shares of Extreme Networks in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Extreme Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, BidaskClub raised shares of Extreme Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Extreme Networks presently has an average rating of “Buy” and an average target price of $13.25.
In other news, Director Charles Carinalli sold 20,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $12.91, for a total value of $258,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Raj Khanna sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $13.81, for a total transaction of $138,100.00. Following the completion of the sale, the director now directly owns 99,523 shares in the company, valued at approximately $1,374,412.63. The disclosure for this sale can be found here. 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.
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