Wall Street analysts predict that Extreme Networks, Inc (NASDAQ:EXTR) will post earnings per share of $0.13 for the current quarter, Zacks reports. Three analysts have provided estimates for Extreme Networks’ earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.14. Extreme Networks reported earnings per share of $0.12 during the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The firm is expected to report its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Extreme Networks will report full year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.81. For the next financial year, analysts forecast that the business will report earnings of $1.08 per share, with EPS estimates ranging from $0.92 to $1.22. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Extreme Networks.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. Extreme Networks had a net margin of 0.34% and a return on equity of 46.58%. The company had revenue of $211.72 million for the quarter, compared to analyst estimates of $203.86 million. During the same quarter in the prior year, the business posted $0.07 EPS. Extreme Networks’s quarterly revenue was up 72.5% on a year-over-year basis.

Several brokerages have recently commented on EXTR. JMP Securities began coverage on shares of Extreme Networks in a research note on Wednesday. They set an “outperform” rating and a $16.00 price target on the stock. 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. ValuEngine lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Cowen began coverage on shares of Extreme Networks in a research note on Wednesday, December 20th. They set an “outperform” rating and a $16.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating on shares of Extreme Networks in a research note on Friday, November 10th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Extreme Networks presently has a consensus rating of “Buy” and an average target price of $14.17.

In related news, Director Charles Carinalli sold 20,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $12.91, for a total transaction of $258,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raj Khanna sold 10,000 shares of the company’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 sale, the director now directly owns 99,523 shares of the company’s stock, valued at $1,374,412.63. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Extreme Networks during the 3rd quarter worth $116,000. PNC Financial Services Group Inc. bought a new stake in Extreme Networks in the 2nd quarter valued at $101,000. Howe & Rusling Inc. boosted its holdings in Extreme Networks by 2,623.5% in the 3rd quarter. Howe & Rusling Inc. now owns 11,357 shares of the technology company’s stock valued at $135,000 after purchasing an additional 10,940 shares during the period. BlueCrest Capital Management Ltd bought a new stake in Extreme Networks in the 2nd quarter valued at $116,000. Finally, Sei Investments Co. bought a new stake in Extreme Networks in the 3rd quarter valued at $161,000. 80.87% of the stock is owned by institutional investors and hedge funds.

Shares of Extreme Networks (EXTR) traded up $0.18 on Friday, hitting $13.43. 1,530,000 shares of the stock traded hands, compared to its average volume of 1,700,000. Extreme Networks has a 52 week low of $5.15 and a 52 week high of $14.34. The firm has a market cap of $1,520.00, a price-to-earnings ratio of 671.50, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 1.11.

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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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Earnings History and Estimates for Extreme Networks (NASDAQ:EXTR)

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