Extreme Networks (EXTR) Scheduled to Post Earnings on Wednesday

Extreme Networks (NASDAQ:EXTR) is set to release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Extreme Networks to post earnings of $0.12 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.21). The company had revenue of $256.65 million during the quarter, compared to analyst estimates of $253.21 million. Extreme Networks had a negative return on equity of 24.51% and a negative net margin of 7.69%. The business’s revenue was down 29.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, analysts expect Extreme Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Extreme Networks Stock Performance

NASDAQ:EXTR opened at $14.25 on Tuesday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.63 and a current ratio of 0.90. The stock has a market capitalization of $1.85 billion, a P/E ratio of -203.57, a PEG ratio of 3.37 and a beta of 1.76. The company has a 50 day moving average price of $14.89 and a 200 day moving average price of $13.22. Extreme Networks has a fifty-two week low of $10.49 and a fifty-two week high of $20.83.

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $15.02, for a total value of $536,589.50. Following the completion of the transaction, the chief executive officer now owns 1,448,378 shares of the company’s stock, valued at $21,754,637.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EXTR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 price objective on shares of Extreme Networks in a research report on Thursday, August 8th. Craig Hallum increased their price objective on shares of Extreme Networks from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Extreme Networks has a consensus rating of “Moderate Buy” and a consensus price target of $15.90.

Extreme Networks Company Profile

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.