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

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

Extreme Networks, Inc (NASDAQ:EXTR) issued its quarterly earnings data on Wednesday, January, 29th. The technology company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. The technology company had revenue of $267.50 million for the quarter, compared to the consensus estimate of $273.18 million. The company's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $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 EPS 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 brokers have issued 1 year price targets for Extreme Networks' stock. Their forecasts range from $9.00 to $9.00. On average, they anticipate Extreme Networks' share price to reach $9.00 in the next twelve months. This suggests a possible upside of 40.2% 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 headlines about EXTR stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by monitoring 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 five, with scores closest to five being the most favorable. Extreme Networks earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Extreme Networks.

Extreme Networks saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 5,190,000 shares, a drop of 11.3% from the January 15th total of 5,850,000 shares. Based on an average daily trading volume, of 1,440,000 shares, the short-interest 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 Finisar (FNSR), Aviat Networks (AVNW), Aware (AWRE), ADTRAN (ADTN), Bel Fuse (BELFB), CalAmp (CAMP), Calix (CALX), Ciena (CIEN), Cisco Systems (CSCO), Comtech Telecomm. (CMTL), Digi International (DGII), Echostar (SATS), F5 Networks (FFIV), Harmonic (HLIT) and Infinera (INFN).

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 a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (4.54%), Renaissance Technologies LLC (3.93%), State Street Corp (3.07%), Cramer Rosenthal Mcglynn LLC (2.10%), Prudential Financial Inc. (1.66%) and Schroder Investment Management Group (1.64%). 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., UBS Group AG, Alambic Investment Management L.P., Arizona State Retirement System and Strs Ohio. 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 acquired 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, Rice Hall James & Associates LLC and Jacobs Levy Equity Management Inc.. 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 $6.42.