Extreme Networks Company Profile (NASDAQ:EXTR)

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

Extreme Networks, Inc. (NASDAQ:EXTR) announced its quarterly earnings results on Wednesday, May, 3rd. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. The firm earned $148.70 million during the quarter, compared to analyst estimates of $155.89 million. Extreme Networks had a negative net margin of 4.12% and a positive return on equity of 33.40%. The business's revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 earnings per share. View Extreme Networks' Earnings History.

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

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

4 analysts have issued 1 year target prices for Extreme Networks' stock. Their predictions range from $4.50 to $12.50. On average, they expect Extreme Networks' share price to reach $8.25 in the next twelve months. View Analyst Ratings for Extreme Networks.

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. " (7/4/2017)
• 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)

Extreme Networks saw a increase in short interest during the month of June. As of June 15th, there was short interest totalling 3,122,602 shares, an increase of 63.3% from the May 31st total of 1,912,306 shares. Based on an average daily trading volume, of 2,203,700 shares, the short-interest ratio is presently 1.4 days. Approximately 2.9% of the company's stock are short sold.

Some companies that are related to Extreme Networks include Changyou.com Limited (CYOU), The Trade Desk (TTD), WebMD Health Corp (WBMD), DigitalGlobe (DGI), 3D Systems Corporation (DDD), Cogent Communications Holdings (CCOI), West Corporation (WSTC), Yirendai (YRD), Cabot Microelectronics Corporation (CCMP), Zte Corp. (ZTCOY), TTM Technologies (TTMI), Celestica (CLS), Twilio (TWLO), Inovalon Holdings (INOV), The Descartes Systems Group (DSGX), Neustar (NSR), TrueCar (TRUE) and Synaptics Incorporated (SYNA).

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
• Robert J. Gault, Executive Vice President, Worldwide Sales, Services and Channels
• Charles P. Carinalli, Independent Director
• Kathleen M. Holmgren, Independent Director
• Edward H. Kennedy, Independent Director
• Raj Khanna, Independent Director

Extreme Networks' stock is owned by many different of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.40%), James Investment Research Inc. (0.38%), Insight Capital Research & Management Inc. (0.12%), Sheets Smith Wealth Management (0.03%), NN Investment Partners Holdings N.V. (0.02%) and Fox Run Management L.L.C. (0.02%). 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.

Extreme Networks' stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc.. 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.

Extreme Networks' stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Insight Capital Research & Management Inc., Sheets Smith Wealth Management, NN Investment Partners Holdings N.V., Fox Run Management L.L.C., Cornerstone Financial Partners LLC and Aperio Group 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.

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.

One share of Extreme Networks stock can currently be purchased for approximately $9.55.