Extreme Networks Inc. (NASDAQ:EXTR)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a note issued to investors on Monday. They presently have a $4.75 price objective on the stock, up from their prior price objective of $4.30. Needham & Company LLC’s price target would suggest a potential upside of 7.71% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Buckingham Research increased their target price on shares of Extreme Networks from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, September 15th. DA Davidson upgraded shares of Extreme Networks from a “neutral” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Thursday, September 15th. Wunderlich increased their target price on shares of Extreme Networks from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, September 15th. Finally, Zacks Investment Research upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research report on Monday, August 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $5.04.

Shares of Extreme Networks (NASDAQ:EXTR) opened at 4.41 on Monday. The company’s 50-day moving average is $3.98 and its 200 day moving average is $3.55. The firm’s market capitalization is $469.17 million. Extreme Networks has a 1-year low of $2.32 and a 1-year high of $4.55.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The company earned $140 million during the quarter, compared to the consensus estimate of $141.89 million. Extreme Networks had a negative net margin of 6.03% and a positive return on equity of 15.59%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. On average, analysts expect that Extreme Networks will post $0.34 EPS for the current fiscal year.

In other Extreme Networks news, Director John H. Kispert sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $3.80, for a total value of $95,000.00. Following the completion of the sale, the director now owns 180,748 shares in the company, valued at approximately $686,842.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Shoemaker sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $4.25, for a total transaction of $63,750.00. Following the completion of the sale, the director now owns 220,748 shares of the company’s stock, valued at approximately $938,179. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Algert Global LLC boosted its stake in Extreme Networks by 33.5% in the first quarter. Algert Global LLC now owns 716,339 shares of the company’s stock valued at $2,228,000 after buying an additional 179,724 shares during the last quarter. Menta Capital LLC raised its position in Extreme Networks by 8.3% in the first quarter. Menta Capital LLC now owns 348,824 shares of the company’s stock valued at $1,085,000 after buying an additional 26,780 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Extreme Networks by 106.8% in the first quarter. Goldman Sachs Group Inc. now owns 58,195 shares of the company’s stock valued at $181,000 after buying an additional 30,048 shares during the last quarter. Geode Capital Management LLC raised its position in Extreme Networks by 2.9% in the first quarter. Geode Capital Management LLC now owns 726,048 shares of the company’s stock valued at $2,257,000 after buying an additional 20,457 shares during the last quarter. Finally, Springowl Associates LLC raised its position in Extreme Networks by 11.6% in the first quarter. Springowl Associates LLC now owns 345,300 shares of the company’s stock valued at $1,073,000 after buying an additional 36,000 shares during the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

About Extreme Networks

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.

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