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: Network Equipment
  • Sub-Industry: Communications Equipment
  • Symbol: NASDAQ:EXTR
  • CUSIP: 30226D10
  • Web: www.extremenetworks.com
Capitalization:
  • Market Cap: $1.3 billion
  • Outstanding Shares: 113,064,000
Average Prices:
  • 50 Day Moving Avg: $11.80
  • 200 Day Moving Avg: $9.86
  • 52 Week Range: $4.02 - $13.20
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 15.59
  • P/E Growth: 0.87
Sales & Book Value:
  • Annual Revenue: $598.12 million
  • Price / Sales: 2.18
  • Book Value: $0.96 per share
  • Price / Book: 12.02
Profitability:
  • EBITDA: $44.31 million
  • Net Margins: -1.42%
  • Return on Equity: 41.17%
  • Return on Assets: 8.71%
Debt:
  • Debt-to-Equity Ratio: 0.75%
  • Current Ratio: 1.27%
  • Quick Ratio: 1.09%
Misc:
  • Average Volume: 1.55 million shs.
  • Beta: 1.15
  • Short Ratio: 2.7
 

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) announced its quarterly earnings data on Monday, August, 14th. The company reported $0.14 EPS for the quarter, missing the Zacks' consensus estimate of $0.15 by $0.01. The firm earned $178.70 million during the quarter, compared to analyst estimates of $171.96 million. Extreme Networks had a positive return on equity of 41.17% and a negative net margin of 1.42%. Extreme Networks's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. 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, November, 7th 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 first quarter earnings guidance on Monday, August, 14th. The company provided earnings per share (EPS) guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.08. The company issued revenue guidance of $200-210 million, compared to the consensus revenue estimate of $168.03 million.

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

2 equities research analysts have issued 1-year target prices for Extreme Networks' shares. Their forecasts range from $10.00 to $13.00. On average, they expect Extreme Networks' share price to reach $11.50 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. " (10/17/2017)
  • 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)

Who are some of Extreme Networks' key competitors?

Who are Extreme Networks' key executives?

Extreme Networks' management team includes the folowing people:

  • John C. Shoemaker, Chairman of the Board
  • Edward B. Meyercord III, President, Chief Executive Officer, Executive, Director
  • Benjamin Drew Davies, Chief Financial Officer, Executive Vice President - Finance
  • Katy Motiey, Executive Vice President, Chief Administrative Officer – HR, General Counsel and Corporate Secretary
  • Eric Broockman, Chief Technology and Engineering Officer
  • Norman J. Rice III, Chief Marketing, Development and Product Operations Officer
  • Robert J. Gault, Chief Revenue and Services Officer
  • Charles P. Carinalli, Independent Director
  • Kathleen M. Holmgren, Independent Director
  • Edward H. Kennedy, Independent Director

Who owns Extreme Networks stock?

Extreme Networks' stock is owned by a number of of institutional and retail investors. Top institutional investors include Strs Ohio (0.07%), Moloney Securities Asset Management LLC (0.02%) and Howe & Rusling Inc. (0.01%). Company insiders that own Extreme Networks stock include Charles Carinalli, Edward Meyercord, Eric Broockman, John C Shoemaker, John H Kispert, Kathleen M Holmgren 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 Moloney Securities Asset Management LLC and Strs Ohio. Company insiders that have sold Extreme Networks stock in the last year include Charles Carinalli, Edward Meyercord 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 purchased by a variety of institutional investors in the last quarter, including Howe & Rusling Inc.. 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.

What is Extreme Networks' stock price today?

One share of Extreme Networks stock can currently be purchased for approximately $11.54.


MarketBeat Community Rating for Extreme Networks (NASDAQ EXTR)
Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  161 (Vote Outperform)
Underperform Votes:  120 (Vote Underperform)
Total Votes:  281
MarketBeat's community ratings are surveys of what our community members think about Extreme Networks and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Extreme Networks (NASDAQ:EXTR) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $11.50 (0.35% downside)
Consensus Price Target History for Extreme Networks (NASDAQ:EXTR)
Price Target History for Extreme Networks (NASDAQ:EXTR)
Analysts' Ratings History for Extreme Networks (NASDAQ:EXTR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/15/2017Needham & Company LLCBoost Price TargetBuy -> Buy$12.50 -> $13.00MediumView Rating Details
3/30/2017DA DavidsonBoost Price TargetBuy -> Buy$7.50 -> $10.00HighView 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 10/23/2015 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
11/7/2017$0.14N/AView Earnings Details
8/14/2017Q4 2017$0.15$0.14$171.96 million$178.70 millionViewN/AView Earnings Details
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: $0.51
2019 EPS Consensus Estimate: $0.71
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$0.12$0.12$0.12
Q2 20181$0.10$0.10$0.10
Q3 20181$0.13$0.13$0.13
Q4 20181$0.16$0.16$0.16
Q1 20191$0.13$0.13$0.13
Q2 20191$0.15$0.15$0.15
Q3 20191$0.19$0.19$0.19
Q4 20191$0.24$0.24$0.24
(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: 1.90%
Institutional Ownership Percentage: 79.71%
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
8/30/2017Kathleen M HolmgrenDirectorBuy5,000$11.49$57,450.00View SEC Filing  
8/21/2017Edward MeyercordInsiderSell100,000$10.52$1,052,000.00View SEC Filing  
6/26/2017Edward MeyercordInsiderSell65,000$10.10$656,500.00View SEC Filing  
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

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Extreme Networks (EXTR) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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