Extreme Networks Company Profile (NASDAQ:EXTR)

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

Extreme Networks, Inc. (NASDAQ:EXTR) announced its earnings results on Monday, August, 14th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by $0.01. The company earned $178.70 million during the quarter, compared to analysts' expectations of $171.96 million. Extreme Networks had a negative net margin of 1.42% and a positive return on equity of 41.17%. The company's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. View Extreme Networks' Earnings History.

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

2 analysts have issued 1-year target prices for Extreme Networks' stock. Their predictions range from $10.00 to $13.00. On average, they expect Extreme Networks' share price to reach $11.50 in the next year. 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. " (8/18/2017)
• 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)

Extreme Networks saw a increase in short interest in August. As of August 31st, there was short interest totalling 2,860,913 shares, an increase of 40.5% from the August 15th total of 2,036,617 shares. Based on an average trading volume of 2,327,497 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.7% of the shares of the company are short sold.

Some companies that are related to Extreme Networks include WebMD Health Corp (WBMD), Finisar Corporation (FNSR), Box (BOX), Inovalon Holdings (INOV), The Trade Desk (TTD), Paylocity Holding Corporation (PCTY), Pitney Bowes (PBI), Cree (CREE), Semtech Corporation (SMTC), Cornerstone OnDemand (CSOD), Mellanox Technologies (MLNX), TiVo Corporation (TIVO), Amkor Technology (AMKR), Rogers Corporation (ROG), Mercury Systems (MRCY), Viavi Solutions (VIAV), Cogent Communications Holdings (CCOI) and Power Integrations (POWI).

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
• Robert J. Gault, Executive Vice President, Worldwide Sales, Services and Channels
• Charles P. Carinalli, Independent Director
• Kathleen M. Holmgren, Independent Director
• Edward H. Kennedy, Independent Director
• Raj Khanna, Independent Director

Extreme Networks' stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.30%), Paradigm Capital Management Inc. NY (5.84%), Renaissance Technologies LLC (4.22%), JPMorgan Chase & Co. (3.12%), Ameriprise Financial Inc. (2.52%) and Dimensional Fund Advisors LP (2.40%). 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 RK Capital Management LLC, Arrowstreet Capital Limited Partnership, Ameriprise Financial Inc., JPMorgan Chase & Co., Marshall Wace North America L.P., GSA Capital Partners LLP, Alliancebernstein L.P. and Acadian Asset Management LLC. 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 Cramer Rosenthal Mcglynn LLC, Goldman Sachs Group Inc., Ratan Capital Management LP, BNP Paribas Arbitrage SA, Vanguard Group Inc., FMR LLC, Lazard Asset Management LLC and Nicholas Investment Partners LP. 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 $11.70.