Extreme Networks - EXTR Stock Forecast, Price & News

Extreme Networks, Inc. delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation. The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls. Over 50,000 customers globally trust their end-to-end, cloud-driven networking solutions and rely on our top-rated services and support to accelerate their digital transformation efforts.

Extreme Networks Trading Up 3.7 %

Shares of Extreme Networks stock traded up $0.49 during mid-day trading on Wednesday, hitting $13.69. The stock had a trading volume of 1,403,547 shares, compared to its average volume of 1,208,177. The firm has a 50-day moving average of $10.40 and a two-hundred day moving average of $11.00. Extreme Networks has a 12-month low of $8.49 and a 12-month high of $16.60. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.99. The firm has a market cap of $1.79 billion, a P/E ratio of 40.26 and a beta of 2.10.

Extreme Networks (NASDAQ:EXTR - Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The technology company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. Extreme Networks had a net margin of 3.98% and a return on equity of 82.16%. The business had revenue of $278.20 million during the quarter, compared to analysts' expectations of $268.96 million. During the same quarter in the prior year, the company posted $0.12 EPS. The business's revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts forecast that Extreme Networks will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EXTR shares. Rosenblatt Securities boosted their price target on shares of Extreme Networks from $13.50 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, July 28th. B. Riley upped their price objective on shares of Extreme Networks from $17.00 to $18.00 in a research note on Thursday, July 28th. Needham & Company LLC upped their price objective on shares of Extreme Networks from $13.50 to $14.50 and gave the company a "buy" rating in a research note on Thursday, July 28th. Finally, StockNews.com raised shares of Extreme Networks from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 10th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $16.13.

Insider Activity

In other news, CFO Remi Thomas sold 10,000 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $8.83, for a total value of $88,300.00. Following the completion of the sale, the chief financial officer now owns 94,454 shares of the company's stock, valued at approximately $834,028.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CRO Joseph A. Vitalone sold 46,682 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $12.83, for a total transaction of $598,930.06. Following the completion of the transaction, the executive now owns 44,979 shares of the company's stock, valued at approximately $577,080.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Remi Thomas sold 10,000 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $8.83, for a total transaction of $88,300.00. Following the transaction, the chief financial officer now directly owns 94,454 shares of the company's stock, valued at approximately $834,028.82. The disclosure for this sale can be found here. Insiders sold a total of 76,682 shares of company stock valued at $902,630 in the last 90 days. Company insiders own 3.10% of the company's stock.