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NASDAQ:EXTRExtreme Networks Stock Price, Forecast & News

$5.10
+0.99 (+24.09 %)
(As of 06/5/2020 04:00 PM ET)
Add
Compare
Today's Range
$4.67
Now: $5.10
$5.26
50-Day Range
$2.76
MA: $3.20
$4.11
52-Week Range
$1.43
Now: $5.10
$8.50
Volume3.82 million shs
Average Volume1.72 million shs
Market Capitalization$613.07 million
P/E RatioN/A
Dividend YieldN/A
Beta1.64
Extreme Networks, Inc. provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks. It also provides ExtremeControl, a network access control solution that allows the enterprises to unify the security of their wired and wireless networks with visibility and control over users, devices, and applications; and ExtremeAnalytics, a network-powered application analytics and optimization solution, which captures, aggregates, analyzes, correlates, and reports network data that enables in decision making and enhancing business performance. In addition, the company offers ExtremeGuest and ExtremeLocation, which are cloud services that enable enterprises to incorporate location-based services; and ExtremeCloud, a wired and wireless cloud network management solution, which offers visibility and control over users and applications. It markets and sells its products through distributors, resellers, and field sales organizations. The company serves enterprises and organizations in education, healthcare, manufacturing, hospitality, transportation, and logistics, as well as government agencies, private cloud data centers, and universities. Extreme Networks, Inc. was founded in 1996 and is headquartered in San Jose, California.
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Extreme Networks logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.74 out of 5 stars


Industry, Sector and Symbol

Industry Computer & office equipment
Sub-IndustryCommunications Equipment
Current SymbolNASDAQ:EXTR
CUSIP30226D10
Phone408-579-2800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$995.79 million
Cash Flow$0.72 per share
Book Value$0.98 per share

Profitability

Net Income$-25,850,000.00

Miscellaneous

Employees2,713
Market Cap$613.07 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Extreme Networks (NASDAQ:EXTR) Frequently Asked Questions

How has Extreme Networks' stock been impacted by COVID-19 (Coronavirus)?

Extreme Networks' stock was trading at $3.98 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EXTR shares have increased by 28.1% and is now trading at $5.10. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Extreme Networks?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extreme Networks in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Extreme Networks.

When is Extreme Networks' next earnings date?

Extreme Networks is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Extreme Networks.

How were Extreme Networks' earnings last quarter?

Extreme Networks, Inc (NASDAQ:EXTR) posted its quarterly earnings data on Monday, May, 11th. The technology company reported ($0.14) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.14). The technology company had revenue of $200.50 million for the quarter, compared to analyst estimates of $209.95 million. Extreme Networks had a negative net margin of 12.46% and a negative return on equity of 25.79%. The business's revenue for the quarter was down 20.1% on a year-over-year basis. During the same period last year, the firm earned $0.08 earnings per share. View Extreme Networks' earnings history.

What guidance has Extreme Networks issued on next quarter's earnings?

Extreme Networks updated its third quarter earnings guidance on Wednesday, April, 8th. The company provided earnings per share (EPS) guidance of (0.15)-(0.12) for the period, compared to the Thomson Reuters consensus EPS estimate of $0.05. The company issued revenue guidance of $210.00 million, compared to the consensus revenue estimate of $245.36 million.

What price target have analysts set for EXTR?

4 brokers have issued twelve-month price objectives for Extreme Networks' stock. Their forecasts range from $5.00 to $6.00. On average, they expect Extreme Networks' stock price to reach $5.50 in the next year. This suggests a possible upside of 7.8% from the stock's current price. View analysts' price targets for Extreme Networks.

Has Extreme Networks been receiving favorable news coverage?

Press coverage about EXTR stock has trended negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. 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 daily sentiment score of -2.2 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutExtreme Networks.

Are investors shorting Extreme Networks?

Extreme Networks saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 5,620,000 shares, a decline of 18.7% from the April 30th total of 6,910,000 shares. Based on an average daily trading volume, of 1,760,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 4.9% of the shares of the company are short sold. View Extreme Networks' Current Options Chain.

Who are some of Extreme Networks' key competitors?

What other stocks do shareholders of Extreme Networks own?

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), Twitter (TWTR), General Electric (GE), Netflix (NFLX) and Tesla (tsla).

Who are Extreme Networks' key executives?

Extreme Networks' management team includes the following people:
  • Mr. Edward B. Meyercord III, Pres, CEO & Exec. Director (Age 54)
  • Mr. Robert J. Gault, Chief Revenue & Services Officer (Age 56)
  • Mr. Rémi Thomas, Chief Financial Officer
  • Mr. Eric Broockman, Chief Technology & Engineering Officer (Age 64)
  • Ms. Katayoun Motiey, Chief Admin. Officer & Corp. Sec.

What is Extreme Networks' stock symbol?

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

Who are Extreme Networks' major shareholders?

Extreme Networks' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.12%), Paradigm Capital Management Inc. NY (5.75%), State Street Corp (3.25%), Alliancebernstein L.P. (2.86%), Geode Capital Management LLC (1.45%) and Nuveen Asset Management LLC (1.21%). Company insiders that own Extreme Networks stock include Edward H Kennedy, Edward Meyercord, John C Shoemaker and Robert J Gault. View institutional ownership trends for Extreme Networks.

Which institutional investors are selling Extreme Networks stock?

EXTR stock was sold by a variety of institutional investors in the last quarter, including Cramer Rosenthal Mcglynn LLC, Nuveen Asset Management LLC, Two Sigma Advisers LP, Morgan Stanley, First Trust Advisors LP, JPMorgan Chase & Co., Two Sigma Investments LP, and UBS Group AG. 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 activity for Extreme Networks.

Which institutional investors are buying Extreme Networks stock?

EXTR stock was purchased by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Alliancebernstein L.P., Russell Investments Group Ltd., Mackay Shields LLC, State Street Corp, Dynamic Technology Lab Private Ltd, Geode Capital Management LLC, and Voloridge Investment Management LLC. Company insiders that have bought Extreme Networks stock in the last two years include Edward H Kennedy, and John C Shoemaker. View insider buying and selling activity for Extreme Networks.

How do I buy shares of 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.

What is Extreme Networks' stock price today?

One share of EXTR stock can currently be purchased for approximately $5.10.

How big of a company is Extreme Networks?

Extreme Networks has a market capitalization of $613.07 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.

What is Extreme Networks' official website?

The official website for Extreme Networks is www.extremenetworks.com.

How can I contact Extreme Networks?

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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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