Extreme Networks (NASDAQ:EXTR) insider Edward Meyercord acquired 20,000 shares of the stock in a transaction dated Monday, May 14th. The shares were bought at an average cost of $8.42 per share, with a total value of $168,400.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Extreme Networks opened at $9.11 on Friday, according to MarketBeat.com. The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 1.36. The stock has a market cap of $1.01 billion, a PE ratio of 26.79, a P/E/G ratio of 1.23 and a beta of 1.62. Extreme Networks has a 52-week low of $8.49 and a 52-week high of $8.71.
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Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Tuesday, May 8th. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $268.32 million. Extreme Networks had a positive return on equity of 43.61% and a negative net margin of 3.28%. The business’s quarterly revenue was up 75.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS. equities research analysts expect that Extreme Networks will post 0.42 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of EXTR. Atria Investments LLC acquired a new stake in shares of Extreme Networks during the 4th quarter worth about $165,000. James Investment Research Inc. increased its position in Extreme Networks by 208.1% during the fourth quarter. James Investment Research Inc. now owns 211,570 shares of the technology company’s stock worth $2,649,000 after acquiring an additional 142,900 shares during the period. Boston Advisors LLC increased its position in Extreme Networks by 564.4% during the fourth quarter. Boston Advisors LLC now owns 487,960 shares of the technology company’s stock worth $6,109,000 after acquiring an additional 414,520 shares during the period. APG Asset Management N.V. bought a new position in Extreme Networks during the fourth quarter worth about $1,082,000. Finally, Eqis Capital Management Inc. bought a new position in Extreme Networks during the fourth quarter worth about $1,053,000. Institutional investors own 78.65% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Extreme Networks from a “strong sell” rating to a “sell” rating in a research report on Thursday. BidaskClub upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded shares of Extreme Networks from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Needham & Company LLC increased their target price on shares of Extreme Networks from $14.85 to $15.50 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Cowen restated a “buy” rating and set a $18.00 target price on shares of Extreme Networks in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Extreme Networks has an average rating of “Buy” and a consensus price target of $16.08.
About Extreme Networks
Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. The company designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls.