Shares of Extreme Networks, Inc. (NASDAQ:EXTR – Get Free Report) 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.
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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 – Get Free Report) 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.
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