NASDAQ:EXTR - Extreme Networks Stock Price, Forecast & News

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

Extreme Networks, Inc (NASDAQ:EXTR) released its earnings results on Wednesday, January, 29th. The technology company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. The technology company earned $267.50 million during the quarter, compared to the consensus estimate of $273.18 million. Extreme Networks had a positive return on equity of 6.55% and a negative net margin of 8.31%. The company's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. View Extreme Networks' Earnings History.

Extreme Networks is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Extreme Networks.

Extreme Networks updated its third quarter earnings guidance on Wednesday, January, 29th. The company provided earnings per share guidance of $0.11-$0.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.18. The company issued revenue guidance of $255-$265 million, compared to the consensus revenue estimate of $275.27 million.

1 Wall Street analysts have issued 12-month price targets for Extreme Networks' shares. Their forecasts range from $9.00 to $9.00. On average, they expect Extreme Networks' share price to reach $9.00 in the next twelve months. This suggests a possible upside of 43.1% from the stock's current price. View Analyst Price Targets for Extreme Networks.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extreme Networks in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Extreme Networks.

Media stories about EXTR stock have been trending very positive recently, according to InfoTrie. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Extreme Networks earned a media sentiment score of 3.1 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Extreme Networks.

Extreme Networks saw a decline in short interest in January. As of January 31st, there was short interest totalling 5,190,000 shares, a decline of 11.3% from the January 15th total of 5,850,000 shares. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 4.4% of the shares of the company are short sold. View Extreme Networks' Current Options Chain.

Some companies that are related to Extreme Networks include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), Juniper Networks (JNPR), F5 Networks (FFIV), Ciena (CIEN), Echostar (SATS), ViaSat (VSAT), Finisar (FNSR), InterDigital Wireless (IDCC), Infinera (INFN), Comtech Telecomm. (CMTL), NetGear (NTGR) and Harmonic (HLIT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Extreme Networks investors own include Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), AT&T (T), Applied Materials (AMAT), Netflix (NFLX), Cisco Systems (CSCO), General Electric (GE) and AbbVie (ABBV).

Extreme Networks' stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (4.54%), Renaissance Technologies LLC (3.93%), State Street Corp (3.07%), Alliancebernstein L.P. (2.52%), Cramer Rosenthal Mcglynn LLC (2.10%) and Prudential Financial Inc. (1.66%). Company insiders that own Extreme Networks stock include Edward H Kennedy, Edward Meyercord, John C Shoemaker, Raj Khanna and Robert J Gault. View Institutional Ownership Trends for Extreme Networks.

EXTR stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Goldman Sachs Group Inc., Charles Schwab Investment Management Inc., Maverick Capital Ltd., Geode Capital Management LLC, UBS Group AG, Alambic Investment Management L.P. and Arizona State Retirement System. Company insiders that have sold Extreme Networks company stock in the last year include Edward Meyercord and Robert J Gault. View Insider Buying and Selling for Extreme Networks.

EXTR stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Schroder Investment Management Group, Bank of Montreal Can, Knights of Columbus Asset Advisors LLC, Renaissance Technologies LLC, First Trust Advisors LP, Alliancebernstein L.P. and Rice Hall James & Associates LLC. Company insiders that have bought Extreme Networks stock in the last two years include Edward H Kennedy, Edward Meyercord, John C Shoemaker and Raj Khanna. View Insider Buying and Selling for Extreme Networks.

Shares of EXTR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of EXTR stock can currently be purchased for approximately $6.29.

Extreme Networks has a market capitalization of $745.43 million and generates $995.79 million in revenue each year. The technology company earns $-25,850,000.00 in net income (profit) each year or $0.13 on an earnings per share basis. Extreme Networks employs 2,713 workers across the globe.View Additional Information About Extreme Networks.

The official website for Extreme Networks is http://www.extremenetworks.com/.

Extreme Networks' mailing address is 6480 VIA DEL ORO, SAN JOSE CA, 95119. The technology company can be reached via phone at 408-579-2800 or via email at [email protected]