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 EPS for the quarter, hitting analysts' consensus estimates of $0.13. The technology company had revenue of $267.50 million for the quarter, compared to analysts' expectations of $273.18 million. Extreme Networks had a negative net margin of 8.31% and a positive return on equity of 6.55%. The business's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company 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 earnings per share (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 Wall Street analysts have issued twelve-month target prices for Extreme Networks' shares. Their forecasts range from $9.00 to $9.00. On average, they anticipate Extreme Networks' share price to reach $9.00 in the next year. This suggests a possible upside of 43.1% 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.

News articles about EXTR stock have been trending very negative on Monday, InfoTrie reports. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Extreme Networks earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Extreme Networks.

Extreme Networks saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 5,190,000 shares, a decrease of 11.3% from the January 15th total of 5,850,000 shares. Based on an average daily volume of 1,440,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 4.4% of the company's shares are short sold. View Extreme Networks' Current Options Chain.

Some companies that are related to Extreme Networks include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), Echostar (SATS), ViaSat (VSAT), Finisar (FNSR), InterDigital Wireless (IDCC), Infinera (INFN), Comtech Telecomm. (CMTL), NetGear (NTGR) and Harmonic (HLIT).

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 investors include FMR LLC (4.54%), Renaissance Technologies LLC (3.93%), State Street Corp (3.07%), Alliancebernstein L.P. (2.52%), Cramer Rosenthal Mcglynn LLC (2.10%) and Prudential Financial Inc. (1.66%). 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., Geode Capital Management LLC, UBS Group AG, Alambic Investment Management L.P. and Arizona State Retirement System. 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, Alliancebernstein L.P. and Rice Hall James & Associates LLC. 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 $6.29.

Extreme Networks has a market capitalization of $745.43 million and generates $995.79 million in revenue each year. The technology company earns $-25,850,000.00 in net income (profit) each year or $0.13 on an earnings per share basis. Extreme Networks employs 2,713 workers across the globe.View Additional Information About Extreme Networks.

The official website for Extreme Networks is http://www.extremenetworks.com/.

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]