Brokerages Set Extreme Networks, Inc (EXTR) PT at $13.33
Extreme Networks, Inc (NASDAQ:EXTR) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.33.
A number of research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Extreme Networks in a research note on Friday, November 10th. Craig Hallum reiterated a “buy” rating and issued a $17.00 target price (up from $12.50) on shares of Extreme Networks in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, November 10th. Finally, ValuEngine lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.
Extreme Networks (NASDAQ EXTR) traded down $0.32 during trading hours on Thursday, reaching $12.02. 3,830,000 shares of the company were exchanged, compared to its average volume of 2,030,000. Extreme Networks has a 1-year low of $4.91 and a 1-year high of $14.34. 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 firm has a market cap of $1,360.00, a price-to-earnings ratio of 27.95, a PEG ratio of 1.17 and a beta of 1.14.
In other Extreme Networks news, Director Charles Carinalli sold 20,000 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Raj Khanna sold 10,000 shares of the firm’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 owns 99,523 shares in the company, valued at $1,374,412.63. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of EXTR. Bank of America Corp DE grew its position in Extreme Networks by 29.0% in the 1st quarter. Bank of America Corp DE now owns 18,318 shares of the technology company’s stock worth $138,000 after purchasing an additional 4,118 shares during the last quarter. State Street Corp grew its position in Extreme Networks by 15.6% in the 1st quarter. State Street Corp now owns 2,204,562 shares of the technology company’s stock worth $16,558,000 after purchasing an additional 297,948 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Extreme Networks by 228.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 18,411 shares of the technology company’s stock worth $169,000 after purchasing an additional 12,811 shares during the last quarter. First Trust Advisors LP acquired a new stake in Extreme Networks in the 2nd quarter worth $499,000. Finally, Rhumbline Advisers lifted its holdings in shares of Extreme Networks by 5.3% during the 2nd quarter. Rhumbline Advisers now owns 121,920 shares of the technology company’s stock worth $1,124,000 after acquiring an additional 6,155 shares during the period. Institutional investors own 80.95% of the company’s stock.
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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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