Brokerages Set Extreme Networks, Inc. (NASDAQ:EXTR) Price Target at $20.64

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.64.

A number of equities research analysts have issued reports on EXTR shares. Rosenblatt Securities upgraded Extreme Networks from a “neutral” rating to a “buy” rating and increased their price target for the stock from $15.00 to $17.00 in a research note on Thursday, May 2nd. Craig Hallum upgraded Extreme Networks from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $14.00 in a research note on Thursday, May 16th. B. Riley increased their price objective on shares of Extreme Networks from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $16.50 price objective on shares of Extreme Networks in a report on Monday, June 10th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new position in shares of Extreme Networks in the 1st quarter valued at about $27,000. Allworth Financial LP lifted its holdings in shares of Extreme Networks by 4,924.4% in the 4th quarter. Allworth Financial LP now owns 2,060 shares of the technology company’s stock valued at $36,000 after acquiring an additional 2,019 shares during the last quarter. Tucker Asset Management LLC bought a new position in shares of Extreme Networks in the 3rd quarter valued at about $41,000. Hennessy Advisors Inc. bought a new position in shares of Extreme Networks in the 4th quarter valued at about $82,000. Finally, Quest Partners LLC bought a new position in shares of Extreme Networks in the 4th quarter valued at about $104,000. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Trading Down 0.6 %

NASDAQ:EXTR opened at $12.28 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.61 and a debt-to-equity ratio of 2.78. Extreme Networks has a 12 month low of $10.49 and a 12 month high of $32.73. The company has a market cap of $1.60 billion, a PE ratio of -175.43, a price-to-earnings-growth ratio of 9.08 and a beta of 1.78. The company has a 50 day simple moving average of $11.34 and a two-hundred day simple moving average of $13.25.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, May 1st. The technology company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). Extreme Networks had a positive return on equity of 37.36% and a negative net margin of 0.52%. The company had revenue of $211.04 million during the quarter, compared to the consensus estimate of $207.80 million. Research analysts forecast that Extreme Networks will post 0.08 earnings per share for the current year.

About Extreme Networks

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.