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 data on Monday, August, 14th. The company reported $0.14 EPS for the quarter, missing the Zacks' consensus estimate of $0.15 by $0.01. The firm earned $178.70 million during the quarter, compared to analyst estimates of $171.96 million. Extreme Networks had a positive return on equity of 41.17% and a negative net margin of 1.42%. Extreme Networks's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. View Extreme Networks' Earnings History.

Extreme Networks is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Extreme Networks.

Extreme Networks issued an update on its first quarter earnings guidance on Monday, August, 14th. The company provided earnings per share (EPS) guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.08. The company issued revenue guidance of $200-210 million, compared to the consensus revenue estimate of $168.03 million.

2 equities research analysts have issued 1-year target prices for Extreme Networks' shares. Their forecasts range from $10.00 to $13.00. On average, they expect Extreme Networks' share price to reach $11.50 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. " (10/17/2017)
• 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)

Some companies that are related to Extreme Networks include The Trade Desk (TTD), Zte Corp. (ZTCOY), Amkor Technology (AMKR), Semtech Corporation (SMTC), Rogers Corporation (ROG), Mercury Systems (MRCY), FIH Mobile (FXCNY), Inovalon Holdings (INOV), Watts Water Technologies (WTS), Cornerstone OnDemand (CSOD), TiVo Corporation (TIVO), Cogent Communications Holdings (CCOI), Mellanox Technologies (MLNX), Power Integrations (POWI), Brooks Automation (BRKS), Viavi Solutions (VIAV), Cabot Microelectronics Corporation (CCMP) and DigitalGlobe (DGI).

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 - Finance
• Katy Motiey, Executive Vice President, Chief Administrative Officer – HR, General Counsel and Corporate Secretary
• Eric Broockman, Chief Technology and Engineering Officer
• Norman J. Rice III, Chief Marketing, Development and Product Operations Officer
• Robert J. Gault, Chief Revenue and Services Officer
• Charles P. Carinalli, Independent Director
• Kathleen M. Holmgren, Independent Director
• Edward H. Kennedy, Independent Director

Extreme Networks' stock is owned by a number of of institutional and retail investors. Top institutional investors include Strs Ohio (0.07%), Moloney Securities Asset Management LLC (0.02%) and Howe & Rusling Inc. (0.01%). Company insiders that own Extreme Networks stock include Charles Carinalli, Edward Meyercord, Eric Broockman, John C Shoemaker, John H Kispert, Kathleen M Holmgren 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 Moloney Securities Asset Management LLC and Strs Ohio. Company insiders that have sold Extreme Networks stock in the last year include Charles Carinalli, Edward Meyercord and John H Kispert. View Insider Buying and Selling for Extreme Networks.

Extreme Networks' stock was purchased by a variety of institutional investors in the last quarter, including Howe & Rusling Inc.. 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 $11.54.