Shares of Extreme Networks Inc. (NASDAQ:EXTR) saw an uptick in trading volume on Friday . 631,192 shares were traded during trading, a decline of 1% from the previous session’s volume of 638,729 shares.The stock last traded at $3.60 and had previously closed at $3.61.

Several brokerages have recently commented on EXTR. Zacks Investment Research upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $3.75 price target on shares of Extreme Networks in a report on Wednesday, June 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $4.45.

The stock’s 50 day moving average price is $3.54 and its 200 day moving average price is $3.29. The company’s market cap is $381.49 million.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The business earned $125.30 million during the quarter, compared to analysts’ expectations of $123.02 million. During the same period last year, the company earned ($0.08) earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Analysts predict that Extreme Networks Inc. will post $0.28 earnings per share for the current year.

Other hedge funds have added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Extreme Networks by 530.3% in the fourth quarter. American Century Companies Inc. now owns 550,565 shares of the company’s stock valued at $2,246,000 after buying an additional 463,215 shares during the period. Nationwide Fund Advisors increased its stake in Extreme Networks by 170.6% in the fourth quarter. Nationwide Fund Advisors now owns 565,433 shares of the company’s stock valued at $2,307,000 after buying an additional 356,457 shares during the period. Systematic Financial Management LP acquired a new stake in Extreme Networks during the fourth quarter valued at approximately $1,405,000. New York State Common Retirement Fund increased its stake in Extreme Networks by 162.9% in the fourth quarter. New York State Common Retirement Fund now owns 438,469 shares of the company’s stock valued at $1,789,000 after buying an additional 271,679 shares during the period. Finally, California Public Employees Retirement System increased its stake in Extreme Networks by 35.0% in the fourth quarter. California Public Employees Retirement System now owns 685,600 shares of the company’s stock valued at $2,797,000 after buying an additional 177,600 shares during the period.

Extreme Networks, Inc, together with its subsidiaries, is a provider of wired and wireless network infrastructure equipment, software and services for enterprises, data centers and service providers. The Company sells its products through an ecosystem of the Company channel partners who combine its Ethernet products with their offerings to create information technology solutions for end user customers.

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