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 Down 1.9 %

Shares of Extreme Networks stock opened at $13.63 on Tuesday. Extreme Networks has a fifty-two week low of $8.49 and a fifty-two week high of $16.60. The firm has a market cap of $1.78 billion, a PE ratio of 40.09 and a beta of 2.10. The business's fifty day moving average is $10.26 and its two-hundred day moving average is $10.96. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.99.

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

Analyst Upgrades and Downgrades

EXTR has been the topic of a number of research reports. Needham & Company LLC upped their price target on Extreme Networks from $13.50 to $14.50 and gave the stock a "buy" rating in a report on Thursday, July 28th. Rosenblatt Securities increased their target price on Extreme Networks from $13.50 to $15.00 and gave the company a "buy" rating in a report on Thursday, July 28th. StockNews.com upgraded Extreme Networks from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 10th. Finally, B. Riley increased their target price on Extreme Networks from $17.00 to $18.00 in a report on Thursday, July 28th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $16.13.

Insider Buying and Selling

In other Extreme Networks news, CFO Remi Thomas sold 10,000 shares of the firm's stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $8.75, for a total value of $87,500.00. Following the transaction, the chief financial officer now directly owns 104,454 shares of the company's stock, valued at $913,972.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Extreme Networks news, CFO Remi Thomas sold 10,000 shares of the firm's stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $8.75, for a total value of $87,500.00. Following the transaction, the chief financial officer now directly owns 104,454 shares of the company's stock, valued at $913,972.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Joseph A. Vitalone sold 46,682 shares of the firm's stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $12.83, for a total value of $598,930.06. Following the completion of the transaction, the executive now directly owns 44,979 shares in the company, valued at $577,080.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,682 shares of company stock valued at $902,630. 3.10% of the stock is currently owned by company insiders.