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.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Tuesday, November 7th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating 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 business had revenue of $211.72 million for the quarter, compared to analyst estimates of $203.86 million. During the same period last year, the business posted $0.07 EPS. Extreme Networks’s revenue was up 72.5% compared to the same quarter last year. equities analysts anticipate that Extreme Networks will post 0.6 EPS for the current fiscal year.

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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