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NASDAQ:EXTR

Extreme Networks Stock Forecast, Price & News

$4.16
+0.04 (+0.97 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$4.06
Now: $4.16
$4.22
50-Day Range
$3.82
MA: $4.45
$5.02
52-Week Range
$1.43
Now: $4.16
$8.00
Volume2.24 million shs
Average Volume1.51 million shs
Market Capitalization$509.17 million
P/E RatioN/A
Dividend YieldN/A
Beta1.84
Extreme Networks, Inc. provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks. It also provides ExtremeControl, a network access control solution that allows the enterprises to unify the security of their wired and wireless networks with visibility and control over users, devices, and applications; and ExtremeAnalytics, a network-powered application analytics and optimization solution, which captures, aggregates, analyzes, correlates, and reports network data that enables in decision making and enhancing business performance. In addition, the company offers ExtremeGuest and ExtremeLocation, which are cloud services that enable enterprises to incorporate location-based services; and ExtremeCloud, a wired and wireless cloud network management solution, which offers visibility and control over users and applications. It markets and sells its products through distributors, resellers, and field sales organizations. The company serves enterprises and organizations in education, healthcare, manufacturing, hospitality, transportation, and logistics, as well as government agencies, private cloud data centers, and universities. Extreme Networks, Inc. was founded in 1996 and is headquartered in San Jose, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.55 out of 5 stars


Industry, Sector and Symbol

Industry Computer & office equipment
Sub-IndustryCommunications Equipment
Current SymbolNASDAQ:EXTR
CUSIP30226D10
Phone408-579-2800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$948.02 million
Cash Flow$0.50 per share
Book Value$0.04 per share

Profitability

Net Income$-126,850,000.00

Miscellaneous

Employees2,584
Market Cap$509.17 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$4.16
+0.04 (+0.97 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Extreme Networks (NASDAQ:EXTR) Frequently Asked Questions

How has Extreme Networks' stock been impacted by Coronavirus (COVID-19)?

Extreme Networks' stock was trading at $3.98 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, EXTR stock has increased by 4.4% and is now trading at $4.1550.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Extreme Networks?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extreme Networks in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Extreme Networks
.

When is Extreme Networks' next earnings date?

Extreme Networks is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Extreme Networks
.

How were Extreme Networks' earnings last quarter?

Extreme Networks, Inc (NASDAQ:EXTR) announced its quarterly earnings results on Wednesday, August, 5th. The technology company reported $0.03 EPS for the quarter, beating the Zacks' consensus estimate of ($0.03) by $0.06. The technology company had revenue of $215.50 million for the quarter, compared to the consensus estimate of $212.68 million. Extreme Networks had a negative net margin of 13.38% and a negative return on equity of 59.45%. The company's revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 earnings per share.
View Extreme Networks' earnings history
.

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

Extreme Networks updated its first quarter 2021 Pre-Market earnings guidance on Wednesday, August, 5th. The company provided earnings per share guidance of 0.01-0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.00. The company issued revenue guidance of $220-230 million, compared to the consensus revenue estimate of $216.94 million.

What price target have analysts set for EXTR?

6 analysts have issued twelve-month price objectives for Extreme Networks' stock. Their forecasts range from $5.00 to $9.00. On average, they expect Extreme Networks' stock price to reach $6.50 in the next year. This suggests a possible upside of 56.4% from the stock's current price.
View analysts' price targets for Extreme Networks
.

Are investors shorting Extreme Networks?

Extreme Networks saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 4,800,000 shares, an increase of 19.1% from the July 30th total of 4,030,000 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 4.1% of the shares of the stock are sold short.
View Extreme Networks' Short Interest
.

Who are some of Extreme Networks' key competitors?

What other stocks do shareholders of Extreme Networks own?

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), General Electric (GE), Applied Materials (AMAT), Tesla (TSLA), Cisco Systems (CSCO) and ON Semiconductor (ON).

Who are Extreme Networks' key executives?

Extreme Networks' management team includes the following people:
  • Mr. Edward B. Meyercord III, Pres, CEO & Exec. Director (Age 54)
  • Mr. Robert J. Gault, Chief Revenue & Services Officer (Age 56)
  • Mr. Rémi Thomas, Chief Financial Officer
  • Mr. Eric Broockman, Chief Technology & Engineering Officer (Age 64)
  • Ms. Katayoun Motiey, Chief Admin. Officer & Corp. Sec.

What is Extreme Networks' stock symbol?

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

Who are Extreme Networks' major shareholders?

Extreme Networks' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.97%), Paradigm Capital Management Inc. NY (5.77%), FMR LLC (2.71%), Goldman Sachs Group Inc. (2.60%), Jacobs Levy Equity Management Inc. (1.95%) and Nuveen Asset Management LLC (1.35%). Company insiders that own Extreme Networks stock include Edward H Kennedy, Edward Meyercord, John C Shoemaker and Robert J Gault.
View institutional ownership trends for Extreme Networks
.

Which institutional investors are selling Extreme Networks stock?

EXTR stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Vanguard Group Inc., Mackay Shields LLC, Prudential Financial Inc., Globeflex Capital L P, Teton Advisors Inc., Springowl Associates LLC, and Raymond James & Associates.
View insider buying and selling activity for Extreme Networks
.

Which institutional investors are buying Extreme Networks stock?

EXTR stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Assenagon Asset Management S.A., Jacobs Levy Equity Management Inc., Nuveen Asset Management LLC, PDT Partners LLC, Engineers Gate Manager LP, Alyeska Investment Group L.P., and Paradigm Capital Management Inc. NY. Company insiders that have bought Extreme Networks stock in the last two years include Edward H Kennedy, and John C Shoemaker.
View insider buying and selling activity for Extreme Networks
.

How do I buy shares of 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.

What is Extreme Networks' stock price today?

One share of EXTR stock can currently be purchased for approximately $4.16.

How big of a company is Extreme Networks?

Extreme Networks has a market capitalization of $509.17 million and generates $948.02 million in revenue each year. The technology company earns $-126,850,000.00 in net income (profit) each year or ($0.21) on an earnings per share basis. Extreme Networks employs 2,584 workers across the globe.

What is Extreme Networks' official website?

The official website for Extreme Networks is www.extremenetworks.com.

How can I contact Extreme Networks?

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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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