NASDAQ:EXTR - Extreme Networks Stock Price, Forecast & News

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

Extreme Networks, Inc (NASDAQ:EXTR) issued its quarterly earnings results on Wednesday, October, 30th. The technology company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.05. The technology company earned $255.51 million during the quarter, compared to analyst estimates of $253.26 million. Extreme Networks had a negative net margin of 5.39% and a positive return on equity of 10.49%. Extreme Networks's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. View Extreme Networks' Earnings History.

Extreme Networks is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Extreme Networks.

Extreme Networks will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Extreme Networks issued an update on its second quarter earnings guidance on Wednesday, October, 30th. The company provided earnings per share (EPS) guidance of $0.12-0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.14. The company issued revenue guidance of $268-278 million, compared to the consensus revenue estimate of $278.42 million.

1 Wall Street analysts have issued 1-year target prices for Extreme Networks' stock. Their forecasts range from $9.00 to $9.00. On average, they anticipate Extreme Networks' stock price to reach $9.00 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price. View Analyst Price Targets for Extreme Networks.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extreme Networks in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Extreme Networks.

News stories about EXTR stock have been trending positive on Tuesday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Extreme Networks earned a coverage optimism score of 3.0 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the next few days. View News Stories for Extreme Networks.

Extreme Networks saw a decline in short interest in December. As of December 31st, there was short interest totalling 5,850,000 shares, a decline of 17.4% from the December 15th total of 7,080,000 shares. Based on an average trading volume of 1,370,000 shares, the short-interest ratio is presently 4.3 days. Currently, 4.9% of the shares of the stock are sold short. View Extreme Networks' Current Options Chain.

Some companies that are related to Extreme Networks include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), ViaSat (VSAT), Echostar (SATS), Finisar (FNSR), InterDigital Wireless (IDCC), Infinera (INFN), Plantronics (PLT), Comtech Telecomm. (CMTL) and NetGear (NTGR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Extreme Networks investors own include Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), AT&T (T), Applied Materials (AMAT), Cisco Systems (CSCO), Netflix (NFLX), AbbVie (ABBV) and General Electric (GE).

Extreme Networks' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Mirador Capital Partners LP (0.20%), Bowling Portfolio Management LLC (0.10%), Mesirow Financial Investment Management Inc. (0.04%), Louisiana State Employees Retirement System (0.03%) and Horrell Capital Management Inc. (0.03%). Company insiders that own Extreme Networks stock include Edward H Kennedy, Edward Meyercord, John C Shoemaker, Raj Khanna and Robert J Gault. View Institutional Ownership Trends for Extreme Networks.

EXTR stock was sold by a variety of institutional investors in the last quarter, including Horrell Capital Management Inc., Louisiana State Employees Retirement System and Mesirow Financial Investment Management Inc.. Company insiders that have sold Extreme Networks company stock in the last year include Edward Meyercord and Robert J Gault. View Insider Buying and Selling for Extreme Networks.

EXTR stock was purchased by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC and Mirador Capital Partners LP. Company insiders that have bought Extreme Networks stock in the last two years include Edward H Kennedy, Edward Meyercord, John C Shoemaker and Raj Khanna. 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, Robinhood, Fidelity and Charles Schwab.

One share of EXTR stock can currently be purchased for approximately $7.92.

Extreme Networks has a market capitalization of $962.83 million and generates $995.79 million in revenue each year. The technology company earns $-25,850,000.00 in net income (profit) each year or $0.13 on an earnings per share basis. Extreme Networks employs 2,713 workers across the globe.View Additional Information About Extreme Networks.

The official website for Extreme Networks is http://www.extremenetworks.com/.

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]