NASDAQ:EXTR - Extreme Networks Stock Price, Price Target & More

Extreme Networks trades on the NASDAQ under the ticker symbol "EXTR."

Extreme Networks (NASDAQ:EXTR) released its quarterly earnings results on Tuesday, May, 8th. The technology company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.05. The technology company earned $262 million during the quarter, compared to the consensus estimate of $268.32 million. Extreme Networks had a positive return on equity of 43.61% and a negative net margin of 3.28%. The company's revenue for the quarter was up 75.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. View Extreme Networks' Earnings History.

Extreme Networks is scheduled to release their next quarterly earnings announcement on Monday, August, 13th 2018. View Earnings Estimates for Extreme Networks.

Extreme Networks issued an update on its fourth quarter earnings guidance on Tuesday, May, 8th. The company provided EPS guidance of $0.16-0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.29. The company issued revenue guidance of $277.0-287.0 million, compared to the consensus revenue estimate of $288.46 million.

5 brokers have issued twelve-month price objectives for Extreme Networks' stock. Their forecasts range from $15.50 to $18.00. On average, they expect Extreme Networks' share price to reach $16.70 in the next year. View Analyst Ratings for Extreme Networks.

Extreme Networks saw a increase in short interest during the month of April. As of April 30th, there was short interest totalling 5,724,016 shares, an increase of 32.8% from the April 13th total of 4,311,416 shares. Based on an average trading volume of 1,260,938 shares, the days-to-cover ratio is currently 4.5 days. Currently, 5.1% of the shares of the company are sold short.

Some companies that are related to Extreme Networks include Electronics for Imaging (EFII), A10 Networks (ATEN), Digi International (DGII), Silicom (SILC), Allot Communications (ALLT), Lantronix (LTRX), Black Box (BBOX), Xplore Technologies (XPLR), Bio-Key International (BKYI), Echelon (ELON), Intrusion (INTZ), B.O.S. Better Online Solutions (BOSC), Eroomsystem Technologies (ERMS), Interphase (INPHQ) and COPsync (COYNQ).

Headlines about EXTR stock have been trending somewhat negative this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Extreme Networks earned a news sentiment score of -0.01 on Accern's scale. They also assigned headlines about the technology company an impact score of 46.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Extreme Networks' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BLACKROCK INC. (13.10%), BlackRock Inc. (13.11%), JPMorgan Chase & Co. (2.25%), Dimensional Fund Advisors LP (1.88%), Northern Trust Corp (1.24%) and Stifel Financial Corp (1.19%). Company insiders that own Extreme Networks stock include Charles Carinalli, Edward H Kennedy, Edward Meyercord, John C Shoemaker, John H Kispert, Kathleen M Holmgren and Raj Khanna. View Institutional Ownership Trends for Extreme Networks.

EXTR stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Dimensional Fund Advisors LP, Wells Fargo & Company MN, ClariVest Asset Management LLC, Diversified Investment Strategies LLC, GSA Capital Partners LLP, Millennium Management LLC and UBS Group AG. Company insiders that have sold Extreme Networks company stock in the last year include Charles Carinalli, Edward Meyercord and Raj Khanna. View Insider Buying and Selling for Extreme Networks.

EXTR stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Principal Financial Group Inc., Keeley Teton Advisors LLC, Stifel Financial Corp, Allianz Asset Management GmbH, Hsbc Holdings PLC, Wexford Capital LP and JPMorgan Chase & Co.. Company insiders that have bought Extreme Networks stock in the last two years include Edward H Kennedy, Edward Meyercord, John C Shoemaker and Kathleen M Holmgren. 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, Scottrade, Fidelity and Charles Schwab.

One share of EXTR stock can currently be purchased for approximately $9.18.

Extreme Networks has a market capitalization of $1.06 billion and generates $598.12 million in revenue each year. The technology company earns $-8,510,000.00 in net income (profit) each year or $0.34 on an earnings per share basis. Extreme Networks employs 1,628 workers across the globe.

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]