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 Stock Down 2.8 %

Shares of EXTR Stock opened at $13.63 on Wednesday. Extreme Networks has a 1-year low of $8.49 and a 1-year high of $16.60. The stock's fifty day moving average price is $10.69 and its 200 day moving average price is $11.03. The company has a debt-to-equity ratio of 2.99, a current ratio of 0.98 and a quick ratio of 0.88. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 40.09 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. The business had revenue of $278.20 million for the quarter, compared to the consensus estimate of $268.96 million. Extreme Networks had a return on equity of 82.16% and a net margin of 3.98%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. On average, research analysts expect that Extreme Networks will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Extreme Networks

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