Extreme Networks Company Profile (NASDAQ:EXTR)

About Extreme Networks (NASDAQ:EXTR)

Extreme Networks logoExtreme 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. The Company's products include ExtremeWireless, ExtremeSwitching, ExtremeControl, ExtremeManagement, ExtremeCloud, ExtremeAnalytics and ExtremeSecurity. The Company offers solutions in categories, which includes industry solutions, technology solutions and managed services solutions. The Company operates in three geographical areas: Americas, which includes the United States, Canada, Mexico, Central America and South America; EMEA, which includes Europe, Russia, Middle East and Africa, and APAC, which includes Asia Pacific, South Asia, India, Australia and Japan.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Networking & Communication Devices
  • Sub-Industry: Communications Equipment
  • Symbol: NASDAQ:EXTR
  • CUSIP: 30226D10
  • Web: www.extremenetworks.com
Capitalization:
  • Market Cap: $1.05 billion
  • Outstanding Shares: 110,166,000
Average Prices:
  • 50 Day Moving Avg: $8.27
  • 200 Day Moving Avg: $6.25
  • 52 Week Range: $3.07 - $9.60
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 16.48
  • P/E Growth: 1.08
Sales & Book Value:
  • Annual Revenue: $559.03 million
  • Price / Sales: 1.88
  • Book Value: $0.80 per share
  • Price / Book: 11.95
Profitability:
  • EBIDTA: $34.08 million
  • Net Margins: -5.27%
  • Return on Equity: 22.92%
  • Return on Assets: 5.26%
Debt:
  • Debt-to-Equity Ratio: 1.02%
  • Current Ratio: 1.19%
  • Quick Ratio: 0.99%
Misc:
  • Average Volume: 1.73 million shs.
  • Beta: 1.1
  • Short Ratio: 0.74
 

Frequently Asked Questions for Extreme Networks (NASDAQ:EXTR)

What is Extreme Networks' stock symbol?

Extreme Networks trades on the NASDAQ under the ticker symbol "EXTR."

How were Extreme Networks' earnings last quarter?

Extreme Networks, Inc (NASDAQ:EXTR) issued its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.05 by $0.03. The business earned $148.70 million during the quarter, compared to the consensus estimate of $155.89 million. Extreme Networks had a negative net margin of 5.27% and a positive return on equity of 22.92%. The firm's revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 EPS. View Extreme Networks' Earnings History.

When will Extreme Networks make its next earnings announcement?

Extreme Networks is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Extreme Networks.

What guidance has Extreme Networks issued on next quarter's earnings?

Extreme Networks issued an update on its fourth quarter earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $0.14 - $0.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.13. The company issued revenue guidance of $168 million - $178 million, compared to the consensus revenue estimate of $172.93 million.

Where is Extreme Networks' stock going? Where will Extreme Networks' stock price be in 2017?

4 equities research analysts have issued 1-year target prices for Extreme Networks' stock. Their predictions range from $4.50 to $10.00. On average, they expect Extreme Networks' stock price to reach $7.50 in the next twelve months. View Analyst Ratings for Extreme Networks.

What are analysts saying about Extreme Networks stock?

Here are some recent quotes from research analysts about Extreme Networks stock:

  • 1. According to Zacks Investment Research, "Extreme Networks, Inc. is a leading provider of a next generation of switching solutions that meet the increasing needs of enterprise local area networks internet service providers and content providers. The key advantages of its Layer 3 switching solutions are increased performance, the ability to easily grow in size as customer needs change, flexible allocation of network resources, ease of use and lower cost of ownership. These advantages are obtained through the use of custom semiconductors, known as ASICs, in its products and through hardware and software designs. " (3/16/2017)
  • 2. Needham & Company LLC analysts commented, " Extreme announced that they intend to acquire the Avaya Networking business assets out of the Avaya bankruptcy process for $100MM. Extreme estimates they will be able generate $200MM annually and 10% Operating Margins post the acquisition. We estimate this would add $0.10-0.15 per share to EPS in CY18. At a purchase price of 0.5x EV/Sales, we see this as a great deal for Extreme. Accordingly, we are increasing our Target Price to $7.00 from $6.25 and reiterating our Buy rating." (3/8/2017)

Are investors shorting Extreme Networks?

Extreme Networks saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 1,429,104 shares, an increase of 24.3% from the March 31st total of 1,149,372 shares. Based on an average trading volume of 1,426,259 shares, the short-interest ratio is presently 1.0 days. Approximately 1.4% of the shares of the stock are short sold.

Who are some of Extreme Networks' key competitors?

Who owns Extreme Networks stock?

Extreme Networks' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.60%), Paradigm Capital Management Inc. NY (6.07%), Renaissance Technologies LLC (4.26%), JPMorgan Chase & Co. (3.75%), Ameriprise Financial Inc. (3.43%) and RK Capital Management LLC (3.30%). Company insiders that own Extreme Networks stock include Allison Amadia, Charles Carinalli, Edward H Kennedy, Edward Meyercord, Eric Broockman, Frank Blohm, John C Shoemaker, John H Kispert, Kelley Steven-Waiss and Kenneth Arola. View Institutional Ownership Trends for Extreme Networks.

Who sold Extreme Networks stock? Who is selling Extreme Networks stock?

Extreme Networks' stock was sold by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Alliancebernstein L.P., Paradigm Capital Management Inc. NY, Ameriprise Financial Inc., Menta Capital LLC, Acadian Asset Management LLC, AQR Capital Management LLC and Oxford Asset Management. Company insiders that have sold Extreme Networks stock in the last year include Charles Carinalli, Edward Meyercord, John C Shoemaker and John H Kispert. View Insider Buying and Selling for Extreme Networks.

Who bought Extreme Networks stock? Who is buying Extreme Networks stock?

Extreme Networks' stock was acquired by a variety of institutional investors in the last quarter, including RK Capital Management LLC, FMR LLC, MARSHALL WACE ASIA Ltd, Marshall Wace North America L.P., Hennessy Advisors Inc., Dimensional Fund Advisors LP, EAM Investors LLC and Driehaus Capital Management LLC. Company insiders that have bought Extreme Networks stock in the last two years include Edward H Kennedy, Edward Meyercord and Kelley Steven-Waiss. View Insider Buying and Selling for Extreme Networks.

How do I buy Extreme Networks stock?

Shares of Extreme Networks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Extreme Networks stock cost?

One share of Extreme Networks stock can currently be purchased for approximately $9.56.

Analyst Ratings

Consensus Ratings for Extreme Networks (NASDAQ:EXTR) (?)
Ratings Breakdown: 1 Hold Rating, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $7.50 (21.55% downside)

Analysts' Ratings History for Extreme Networks (NASDAQ:EXTR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/30/2017DA DavidsonBoost Price TargetBuy -> Buy$7.50 -> $10.00HighView Rating Details
3/30/2017Needham & Company LLCBoost Price TargetBuy -> Buy$7.00 -> $9.50HighView Rating Details
9/15/2016Buckingham ResearchBoost Price TargetNeutral$4.00 -> $4.50N/AView Rating Details
9/15/2016WunderlichBoost Price TargetBuy$5.00 -> $6.00N/AView Rating Details
10/30/2015Craig HallumBoost Price TargetBuy$5.50N/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for Extreme Networks (NASDAQ:EXTR)
Earnings by Quarter for Extreme Networks (NASDAQ:EXTR)
Earnings History by Quarter for Extreme Networks (NASDAQ:EXTR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/1/2017        
5/3/2017Q3 2017$0.05$0.08$155.89 million$148.70 millionViewListenView Earnings Details
2/1/2017Q217$0.07$0.12$152.30 million$148.10 millionViewListenView Earnings Details
11/1/2016Q117$0.06$0.07$126.06 million$122.60 millionViewN/AView Earnings Details
8/3/2016Q416$0.10$0.10$141.89 million$140.00 millionViewN/AView Earnings Details
4/27/2016Q316$0.02$0.03$123.02 million$125.30 millionViewListenView Earnings Details
1/28/2016Q216$0.09$0.09$134.77 million$139.30 millionViewListenView Earnings Details
10/29/2015Q116$0.03$0.07$125.34 million$125.00 millionViewListenView Earnings Details
8/6/2015Q415($0.03)$0.06$127.50 million$149.90 millionViewListenView Earnings Details
5/6/2015Q315($0.07)($0.08)$118.70 million$120.40 millionViewN/AView Earnings Details
1/28/2015Q215($0.01)$0.05$144.30 million$147.20 millionViewN/AView Earnings Details
10/28/2014Q115($0.01)($0.01)$138.40 million$136.30 millionViewN/AView Earnings Details
8/14/2014Q414$0.02$0.02$154.52 million$155.30 millionViewListenView Earnings Details
5/6/2014Q314$0.02$0.02$145.83 million$141.80 millionViewListenView Earnings Details
2/4/2014Q214$0.15$0.14$151.64 million$146.60 millionViewN/AView Earnings Details
11/4/2013Q114$0.04$0.06$74.17 million$75.90 millionViewN/AView Earnings Details
7/30/2013Q4 2013$0.06$0.07$74.61 million$79.50 millionViewN/AView Earnings Details
4/30/2013Q3 2013$0.06$0.04$71.92 million$68.20 millionViewN/AView Earnings Details
1/30/2013Q2 2013$0.03$0.03$75.81 million$75.60 millionViewN/AView Earnings Details
10/31/2012Q113$0.03$0.04$78.59 million$76.10 millionViewN/AView Earnings Details
8/1/2012$0.08$0.08ViewN/AView Earnings Details
5/2/2012$0.04$0.04ViewN/AView Earnings Details
2/2/2012$0.07$0.06ViewN/AView Earnings Details
11/2/2011$0.03$0.05ViewN/AView Earnings Details
8/1/2011$0.02$0.02ViewN/AView Earnings Details
4/28/2011$0.02($0.05)ViewN/AView Earnings Details
1/31/2011$0.07$0.06ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Extreme Networks (NASDAQ:EXTR)
2017 EPS Consensus Estimate: $0.21
2018 EPS Consensus Estimate: $0.39
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.03$0.03$0.03
Q2 20172$0.03$0.07$0.05
Q3 20172$0.03$0.04$0.04
Q4 20172$0.07$0.11$0.09
Q1 20181$0.07$0.07$0.07
Q2 20181$0.12$0.12$0.12
Q3 20181$0.05$0.05$0.05
Q4 20181$0.15$0.15$0.15
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Extreme Networks (NASDAQ:EXTR)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Extreme Networks (NASDAQ:EXTR)
Insider Ownership Percentage: 1.91%
Institutional Ownership Percentage: 79.23%
Insider Trades by Quarter for Extreme Networks (NASDAQ:EXTR)
Institutional Ownership by Quarter for Extreme Networks (NASDAQ:EXTR)
Insider Trades by Quarter for Extreme Networks (NASDAQ:EXTR)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/15/2016Edward MeyercordInsiderSell65,000$5.00$325,000.00View SEC Filing  
12/13/2016John H KispertDirectorSell15,000$5.00$75,000.00View SEC Filing  
11/22/2016Charles CarinalliDirectorSell31,536$4.48$141,281.28View SEC Filing  
10/24/2016Edward MeyercordInsiderSell25,000$4.12$103,000.00View SEC Filing  
9/15/2016John C ShoemakerDirectorSell15,000$4.25$63,750.00View SEC Filing  
8/8/2016John H KispertDirectorSell15,000$4.00$60,000.00View SEC Filing  
8/2/2016John H KispertDirectorSell25,000$3.80$95,000.00View SEC Filing  
1/27/2016Eric BroockmanEVPSell3,967$3.61$14,320.87View SEC Filing  
1/21/2016Eric BroockmanEVPSell3,165$3.48$11,014.20View SEC Filing  
1/21/2016Kenneth ArolaCFOSell5,491$3.48$19,108.68View SEC Filing  
9/11/2015Allison AmadiaEVPSell11,423$3.34$38,152.82View SEC Filing  
8/31/2015Edward H KennedyDirectorBuy20,000$2.94$58,800.00View SEC Filing  
8/28/2015Edward MeyercordCEOBuy60,000$2.82$169,200.00View SEC Filing  
8/27/2015Frank BlohmEVPSell15,605$2.80$43,694.00View SEC Filing  
8/18/2015Kelley Steven-WaissEVPBuy20,000$3.00$60,000.00View SEC Filing  
8/17/2015Frank BlohmEVPSell30,181$2.80$84,506.80View SEC Filing  
2/24/2015Edward MeyercordDirectorSell30,000$3.49$104,700.00View SEC Filing  
2/9/2015Frank BlohmEVPSell1,400$3.22$4,508.00View SEC Filing  
11/25/2014Charles CarinalliDirectorSell30,000$3.58$107,400.00View SEC Filing  
8/29/2014Charles W BergerCEOBuy10,000$5.33$53,300.00View SEC Filing  
8/21/2014Frank BlohmSVPSell6,000$5.24$31,440.00View SEC Filing  
8/19/2014Allison AmadiaGeneral CounselSell4,800$5.25$25,200.00View SEC Filing  
5/16/2014Maury AustinDirectorBuy25,000$4.00$100,000.00View SEC Filing  
5/15/2014John KurtzweilCFOBuy10,000$3.84$38,400.00View SEC Filing  
12/2/2013Edward KennedyDirectorBuy8,000$6.98$55,840.00View SEC Filing  
11/20/2013Maury AustinDirectorBuy15,000$6.39$95,850.00View SEC Filing  
10/1/2012Edward TerinoDirectorBuy100,000$3.38$338,000.00View SEC Filing  
8/29/2012John T KurtzweilVPBuy10,000$3.47$34,700.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Extreme Networks (NASDAQ:EXTR)
Latest Headlines for Extreme Networks (NASDAQ:EXTR)
Source:
DateHeadline
finanznachrichten.de logoGlobal Gigabit Wi-Fi Access Points Strategic Business Report 2017 - Research and Markets
www.finanznachrichten.de - May 26 at 10:45 PM
americanbankingnews.com logoExtreme Networks, Inc (EXTR) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 26 at 10:40 PM
businesswire.com logoTELoIP Inc. Recognized as a Top 20 Most Promising Software-Defined Networking (SDN) Solution Provider
www.businesswire.com - May 25 at 7:13 PM
reuters.com logoBankruptcy court clears Avaya's sale of networking business
www.reuters.com - May 25 at 7:13 PM
nasdaq.com logoHere's Why You Should Offload NetScout Systems (NTCT) Stock
www.nasdaq.com - May 24 at 12:14 PM
finance.yahoo.com logoHere's Why You Should Offload NetScout Systems (NTCT) Stock
finance.yahoo.com - May 24 at 12:14 PM
finance.yahoo.com logoETFs with exposure to Extreme Networks, Inc. : May 23, 2017
finance.yahoo.com - May 23 at 4:49 PM
seekingalpha.com logoExtreme Networks Has Upside Potential - Seeking Alpha
seekingalpha.com - May 20 at 5:03 PM
prnewswire.com logoExtreme Networks Launches Ethernet Switching Platforms at Interop 2017 to Support Multi-Rate High-Performance ... - PR Newswire (press release)
www.prnewswire.com - May 17 at 10:48 AM
finance.yahoo.com logoExtreme Networks Launches Ethernet Switching Platforms at Interop 2017 to Support Multi-Rate High-Performance Enterprise Switched Networks
finance.yahoo.com - May 16 at 11:49 AM
finance.yahoo.com logoIs Extreme Networks (EXTR) a Great Growth Stock?
finance.yahoo.com - May 16 at 11:49 AM
finance.yahoo.com logoGeorge Soros' Best-Performing Stocks of 2017 So Far
finance.yahoo.com - May 13 at 4:58 PM
americanbankingnews.com logoExtreme Networks, Inc (EXTR) Expected to Announce Quarterly Sales of $171.75 Million
www.americanbankingnews.com - May 12 at 3:44 PM
finance.yahoo.com logoWhy Extreme Networks (EXTR) Could Be Positioned for a Surge
finance.yahoo.com - May 11 at 5:45 PM
finance.yahoo.com logoETFs with exposure to Extreme Networks, Inc. : May 11, 2017
finance.yahoo.com - May 11 at 5:45 PM
finance.yahoo.com logoExtreme Networks, Inc. :EXTR-US: Earnings Analysis: Q3, 2017 By the Numbers : May 10, 2017
finance.yahoo.com - May 10 at 5:13 PM
americanbankingnews.com logo$0.12 EPS Expected for Extreme Networks, Inc (EXTR) This Quarter
www.americanbankingnews.com - May 10 at 7:44 AM
americanbankingnews.com logoQ4 2017 EPS Estimates for Extreme Networks, Inc (EXTR) Increased by Analyst
www.americanbankingnews.com - May 8 at 10:54 AM
finance.yahoo.com logoBull Of The Day: Extreme Networks
finance.yahoo.com - May 5 at 5:19 PM
finance.yahoo.com logoBull Of The Day: Extreme Networks
finance.yahoo.com - May 5 at 5:19 PM
finance.yahoo.com logoExtreme Networks, Synchronoss Technologies, Activision, Shake Shack and Zynga highlighted as Zacks Bull and Bear of the Day
finance.yahoo.com - May 5 at 5:19 PM
finance.yahoo.com logoExtreme Networks, Synchronoss Technologies, Activision, Shake Shack and Zynga highlighted as Zacks Bull and Bear of the Day
finance.yahoo.com - May 5 at 5:19 PM
finance.yahoo.com logoBolan's Blowouts look at Extreme Networks (EXTR) and Synchronoss (SNCR)
finance.yahoo.com - May 4 at 10:14 PM
fool.com logoWhy Extreme Networks, Inc. Rose Today - Motley Fool
www.fool.com - May 4 at 5:13 PM
fool.com logoWhy Extreme Networks, Inc. Rose Today
www.fool.com - May 4 at 3:45 PM
finance.yahoo.com logoEdited Transcript of EXTR earnings conference call or presentation 3-May-17 8:30pm GMT
finance.yahoo.com - May 4 at 12:13 PM
americanbankingnews.com logoExtreme Networks, Inc (EXTR) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 4 at 1:34 AM
americanbankingnews.com logoExtreme Networks, Inc (EXTR) Announces Earnings Results, Beats Expectations By $0.02 EPS
www.americanbankingnews.com - May 4 at 1:31 AM
americanbankingnews.com logoExtreme Networks (EXTR) Earning Somewhat Favorable News Coverage, Report Shows
www.americanbankingnews.com - May 4 at 1:20 AM
americanbankingnews.com logoExtreme Networks, Inc (EXTR) Issues Q4 Earnings Guidance
www.americanbankingnews.com - May 4 at 1:12 AM
reuters.com logoBRIEF-Extreme Networks sees Q4 2017 revenue $168 mln-$178 mln
www.reuters.com - May 3 at 9:57 PM
seekingalpha.com logoExtreme Networks' (EXTR) CEO Edward Meyercord on Q3 2017 Results - Earnings Call Transcript
seekingalpha.com - May 3 at 9:57 PM
marketbeat.com logoExtreme Networks reports 3Q loss
marketbeat.com - May 3 at 6:51 PM
finance.yahoo.com logoExtreme Networks Reports Third Quarter Fiscal Year 2017 Financial Results
finance.yahoo.com - May 3 at 4:57 PM
americanbankingnews.com logoExtreme Networks, Inc (EXTR) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - May 1 at 11:14 PM
americanbankingnews.com logoExtreme Networks (EXTR) Receives Coverage Optimism Score of 0.26
www.americanbankingnews.com - April 30 at 6:05 PM
americanbankingnews.com logoShort Interest in Extreme Networks, Inc (EXTR) Grows By 24.3%
www.americanbankingnews.com - April 29 at 7:20 AM
finance.yahoo.com logoWill Extreme Networks (EXTR) Continue to Surge Higher?
finance.yahoo.com - April 28 at 6:12 PM
reuters.com logoIP dispute pits Mentor Graphics against bankrupt Avaya's sales plan
www.reuters.com - April 27 at 10:40 PM
americanbankingnews.com logoExtreme Networks (EXTR) Receiving Somewhat Positive Media Coverage, Study Shows
www.americanbankingnews.com - April 27 at 12:06 AM
finance.yahoo.com logoLawsuit for Investors in shares of Extreme Networks, Inc (NASDAQ:EXTR) against Directors announced by Shareholders Foundation
finance.yahoo.com - April 25 at 11:27 AM
americanbankingnews.com logoExtreme Networks (EXTR) Earning Somewhat Favorable News Coverage, AlphaOne Reports
www.americanbankingnews.com - April 23 at 10:02 PM
americanbankingnews.com logo$0.05 Earnings Per Share Expected for Extreme Networks, Inc (EXTR) This Quarter
www.americanbankingnews.com - April 19 at 12:25 PM
finance.yahoo.com logoExtreme Networks Schedules Third Quarter Fiscal Year 2017 Financial Results Conference Call and Webcast - Yahoo Finance
finance.yahoo.com - April 19 at 12:08 PM
finance.yahoo.com logoZacks Investment Ideas feature highlights: Constellation Brands, Extreme Networks and Momo
finance.yahoo.com - April 19 at 12:08 PM
finance.yahoo.com logoExtreme Networks Schedules Third Quarter Fiscal Year 2017 Financial Results Conference Call and Webcast
finance.yahoo.com - April 18 at 4:47 PM
americanbankingnews.com logoExtreme Networks (EXTR) Getting Somewhat Favorable News Coverage, Report Shows
www.americanbankingnews.com - April 17 at 9:51 PM
americanbankingnews.com logoExtreme Networks, Inc (EXTR) Short Interest Update
www.americanbankingnews.com - April 16 at 10:50 AM
zacks.com logoTop Ranked Growth Stocks to Buy for April 10th
www.zacks.com - April 10 at 11:37 AM
finance.yahoo.com logo[$$] Avaya Cleared to Test $100 Million Bid at Auction
finance.yahoo.com - April 7 at 9:43 AM

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Extreme Networks (EXTR) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff