In yesterday’s Wall Street session, Extreme Networks Inc. (NASDAQ:EXTR) shares traded at $18.78, up 1.90% from the previous session.
7 analysts cover Extreme Networks Inc. (NASDAQ:EXTR), according to research data. The consensus rating among analysts is ‘Buy’. EXTR stock price is now 1.03% away from the 50-day moving average and 39.99% away from the 200-day moving average. The market capitalization of the company currently stands at $2.50B.
The stock has received a hold rating from 1 analysts and a buy rating from 6.
With the price target of $13.50, Rosenblatt recently initiated with Buy rating for Extreme Networks Inc. (NASDAQ: EXTR). On July 29, 2021, Needham Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $13, while ‘B. Riley FBR’ rates the stock as ‘Buy’.
In other news, Thomas Remi, EVP Chief Financial Officer sold 10,000 shares of the company’s stock on Jan 03. The stock was sold for $184,567 at an average price of $18.46. Upon completion of the transaction, the EVP Chief Financial Officer now directly owns 103,347 shares in the company, valued at $1.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14, Director Burton Ingrid sold 9,000 shares of the business’s stock. A total of $183,150 was realized by selling the stock at an average price of $20.35. This leaves the insider owning 63,243 shares of the company worth $1.19 million. Insiders disposed of 928,263 shares of company stock worth roughly $17.43 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EXTR stock. A new stake in Extreme Networks Inc. shares was purchased by OPHIR ASSET MANAGEMENT PTY LTD during the first quarter worth $21,327,000. BRAUN STACEY ASSOCIATES INC invested $18,589,000 in shares of EXTR during the first quarter. In the first quarter, FORCE HILL CAPITAL MANAGEMENT LP acquired a new stake in Extreme Networks Inc. valued at approximately $6,964,000. EAM GLOBAL INVESTORS LLC acquired a new stake in EXTR for approximately $5,531,000. EAM INVESTORS, LLC purchased a new stake in EXTR valued at around $3,902,000 in the second quarter. In total, there are 321 active investors with 88.80% ownership of the company’s stock.
On Wednesday morning Extreme Networks Inc. (NASDAQ: EXTR) stock kicked off with the opening price of $18.75. During the past 12 months, Extreme Networks Inc. has had a low of $8.49 and a high of $21.03. As of last week, the company has a debt-to-equity ratio of 2.42, a current ratio of 1.00, and a quick ratio of 0.90. The fifty day moving average price for EXTR is $18.59 and a two-hundred day moving average price translates $13.42 for the stock.
The latest earnings results from Extreme Networks Inc. (NASDAQ: EXTR) was released for Jun, 2022. According to the Communication Equipment Company, earnings per share came in at $0.2, beating analysts’ expectations of $0.17 by 0.03. This compares to $0.10 EPS in the same period last year. The net profit margin was 3.90% and return on equity was 47.80% for EXTR. The company reported revenue of $297.69 million for the quarter, compared to $267.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.21 percent. For the current quarter, analysts expect EXTR to generate $301.99M in revenue.
Extreme Networks Inc.(EXTR) Company Profile
Extreme Networks, Inc. provides software-driven networking solutions worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops software for network management, policy, analytics, security, and access controls. The company offers ExtremeCloud IQ, an ML/AI powered, wired, and wireless cloud network management solution that offers advanced visibility and control over users, devices, and applications; ExtremeCloud IQ Site Engine that provides task automation, access control, granular visibility with real-time analytics and multi-vendor device management; and ExtremeCloud IQ Essentials offers WIPS, location services, IoT, and guest management services. It also provides wireless access point products; ExtremeSwitching portfolio that includes access edge products that offer physical presentations along with options to deliver Ethernet or convergence-friendly Power-over-Ethernet (POE), including high-power universal POE; ExtremeCloud SD-WAN, a software-defined wide area networks solution offers an all-inclusive subscription, which includes hardware, the cloud-based SD-WAN service, support and maintenance, and customer success support; aggregation/core switches designed to address aggregation, top-of-rack, and campus core environments; and data center switches and routers. In addition, the company offers cloud native platforms and applications for service providers; and customer support and services. It markets and sells its products through distributors, resellers, and field sales organizations to healthcare, education, government, manufacturing, retail, and hospitality markets. Extreme Networks, Inc. was incorporated in 1996 and is headquartered in Morrisville, North Carolina.