Extreme Networks, Inc. (NASDAQ:EXTR) Receives Average Rating of "Moderate Buy" from Brokerages

Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $20.64.

Several research analysts have commented on the company. Rosenblatt Securities upgraded Extreme Networks from a "neutral" rating to a "buy" rating and raised their target price for the stock from $15.00 to $17.00 in a research note on Thursday, May 2nd. Craig Hallum upgraded Extreme Networks from a "hold" rating to a "buy" rating and lifted their price target for the company from $13.00 to $14.00 in a research report on Thursday, May 16th. B. Riley lifted their price target on Extreme Networks from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. UBS Group downgraded Extreme Networks from a "buy" rating to a "neutral" rating and dropped their price target for the company from $22.00 to $14.00 in a research report on Thursday, February 1st. Finally, StockNews.com downgraded Extreme Networks from a "buy" rating to a "hold" rating in a research report on Thursday, February 1st.

Institutional Trading of Extreme Networks

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Extreme Networks by 16.9% in the 1st quarter. Vanguard Group Inc. now owns 15,181,169 shares of the technology company's stock worth $175,191,000 after purchasing an additional 2,191,181 shares during the period. FMR LLC increased its stake in Extreme Networks by 32.0% in the 3rd quarter. FMR LLC now owns 4,142,648 shares of the technology company's stock worth $100,294,000 after purchasing an additional 1,004,002 shares during the period. Pacer Advisors Inc. increased its stake in shares of Extreme Networks by 167,176.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,409,102 shares of the technology company's stock valued at $60,137,000 after buying an additional 3,407,064 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Extreme Networks by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,492,869 shares of the technology company's stock valued at $43,976,000 after buying an additional 194,802 shares during the period. Finally, Voss Capital LLC increased its stake in shares of Extreme Networks by 55.6% during the fourth quarter. Voss Capital LLC now owns 2,170,500 shares of the technology company's stock valued at $38,288,000 after buying an additional 775,500 shares during the period. Institutional investors own 91.05% of the company's stock.

Extreme Networks Price Performance

NASDAQ EXTR traded down $0.36 during trading hours on Thursday, hitting $11.06. The company had a trading volume of 1,563,225 shares, compared to its average volume of 2,180,020. Extreme Networks has a 52 week low of $10.49 and a 52 week high of $32.73. The firm has a 50 day simple moving average of $11.25 and a 200 day simple moving average of $13.94. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.61 and a current ratio of 0.96. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -158.00, a PEG ratio of 8.41 and a beta of 1.88.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last issued its earnings results on Wednesday, May 1st. The technology company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.06). Extreme Networks had a positive return on equity of 37.36% and a negative net margin of 0.52%. The company had revenue of $211.04 million during the quarter, compared to the consensus estimate of $207.80 million. Equities research analysts expect that Extreme Networks will post 0.08 earnings per share for the current year.

Extreme Networks Company Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation. 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.