Analysts Set Extreme Networks, Inc. (NASDAQ:EXTR) Target Price at $19.00

Shares of Extreme Networks, Inc. (NASDAQ:EXTRGet Free Report) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $19.25.

EXTR has been the subject of several recent analyst reports. Craig Hallum raised their target price on shares of Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Extreme Networks in a research report on Thursday. StockNews.com upgraded Extreme Networks from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Lake Street Capital boosted their target price on shares of Extreme Networks from $15.00 to $16.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, B. Riley raised their price objective on shares of Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

Get Our Latest Analysis on EXTR

Insider Activity at Extreme Networks

In related news, Director Charles Carinalli sold 5,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.70, for a total transaction of $83,500.00. Following the transaction, the director now owns 366,793 shares in the company, valued at $6,125,443.10. The trade was a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Extreme Networks

A number of institutional investors have recently bought and sold shares of EXTR. Squarepoint Ops LLC purchased a new position in Extreme Networks during the 2nd quarter valued at about $1,745,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Extreme Networks by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 64,433 shares of the technology company’s stock valued at $867,000 after purchasing an additional 1,749 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Extreme Networks by 75.3% in the 2nd quarter. Mackenzie Financial Corp now owns 26,888 shares of the technology company’s stock worth $362,000 after purchasing an additional 11,549 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its stake in shares of Extreme Networks by 491.1% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 333,644 shares of the technology company’s stock worth $4,488,000 after buying an additional 277,196 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Extreme Networks by 61.1% during the second quarter. Point72 Asset Management L.P. now owns 689,222 shares of the technology company’s stock valued at $9,270,000 after buying an additional 261,322 shares during the last quarter. 91.05% of the stock is owned by institutional investors.

Extreme Networks Stock Down 1.1 %

Shares of NASDAQ:EXTR opened at $15.60 on Tuesday. The company has a 50 day moving average price of $17.19 and a two-hundred day moving average price of $15.59. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91. The company has a market capitalization of $2.06 billion, a PE ratio of -16.08, a PEG ratio of 3.76 and a beta of 1.75. Extreme Networks has a 52 week low of $10.49 and a 52 week high of $19.24.

Extreme Networks (NASDAQ:EXTRGet Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Extreme Networks had a negative net margin of 12.11% and a negative return on equity of 80.55%. Analysts forecast that Extreme Networks will post 0.27 earnings per share for the current year.

Extreme Networks Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Extreme Networks (NASDAQ:EXTR)

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