Extreme Networks Inc. (NASDAQ:EXTR) Director John C. Shoemaker sold 15,000 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $4.25, for a total transaction of $63,750.00. Following the transaction, the director now directly owns 220,748 shares of the company’s stock, valued at $938,179. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Extreme Networks Inc. (NASDAQ:EXTR) opened at 4.41 on Wednesday. Extreme Networks Inc. has a 52 week low of $2.32 and a 52 week high of $4.55. The stock’s market capitalization is $469.17 million. The stock’s 50 day moving average is $3.98 and its 200-day moving average is $3.55.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, August 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The firm earned $140 million during the quarter, compared to analyst estimates of $141.89 million. Extreme Networks had a negative net margin of 6.03% and a positive return on equity of 15.59%. Extreme Networks’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. Equities research analysts forecast that Extreme Networks Inc. will post $0.34 EPS for the current year.

A number of brokerages have issued reports on EXTR. Needham & Company LLC increased their target price on shares of Extreme Networks from $3.75 to $4.30 and gave the company a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Wunderlich increased their target price on shares of Extreme Networks from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, September 15th. Buckingham Research increased their target price on shares of Extreme Networks from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, September 15th. Finally, DA Davidson raised shares of Extreme Networks from a “neutral” rating to a “buy” rating and set a $5.00 target price for the company in a report on Thursday, September 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $5.04.

A number of hedge funds and other institutional investors have recently bought and sold shares of EXTR. American International Group Inc. raised its position in Extreme Networks by 1.5% in the second quarter. American International Group Inc. now owns 59,503 shares of the company’s stock worth $202,000 after buying an additional 903 shares during the last quarter. Guggenheim Capital LLC raised its position in Extreme Networks by 1.6% in the second quarter. Guggenheim Capital LLC now owns 59,413 shares of the company’s stock worth $202,000 after buying an additional 963 shares during the last quarter. BlackRock Advisors LLC raised its position in Extreme Networks by 5.7% in the second quarter. BlackRock Advisors LLC now owns 50,383 shares of the company’s stock worth $171,000 after buying an additional 2,722 shares during the last quarter. California State Teachers Retirement System raised its position in Extreme Networks by 2.3% in the second quarter. California State Teachers Retirement System now owns 216,743 shares of the company’s stock worth $735,000 after buying an additional 4,798 shares during the last quarter. Finally, Swiss National Bank raised its position in Extreme Networks by 4.8% in the second quarter. Swiss National Bank now owns 158,000 shares of the company’s stock worth $536,000 after buying an additional 7,300 shares during the last quarter. 80.41% of the stock is owned by hedge funds and other institutional investors.

Extreme Networks Company Profile

Extreme Networks, Inc is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthcare, service provider and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis. The Company operates through the development and marketing of network infrastructure equipment segment.

5 Day Chart for NASDAQ:EXTR

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