Extreme Networks Inc. (EXTR) Sees Unusually-High Trading Volume
Extreme Networks Inc. (NASDAQ:EXTR) shares saw unusually-strong trading volume on Friday . Approximately 631,192 shares changed hands during mid-day 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 analysts recently issued reports on EXTR shares. Zacks Investment Research downgraded Extreme Networks from a “buy” rating to a “hold” rating in a report on Friday, April 15th. 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Extreme Networks currently has an average rating of “Buy” and an average target price of $4.45.
The firm’s market capitalization is $381.49 million. The firm’s 50 day moving average is $3.54 and its 200 day moving average is $3.29.
Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. During the same period in the prior year, the business posted ($0.08) EPS. The firm earned $125.30 million during the quarter, compared to analyst estimates of $123.02 million. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts predict that Extreme Networks Inc. will post $0.28 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of EXTR. Russell Frank Co raised its position in Extreme Networks by 32.0% in the fourth quarter. Russell Frank Co now owns 545,358 shares of the company’s stock worth $2,258,000 after buying an additional 132,274 shares in the last quarter. California Public Employees Retirement System raised its position 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 worth $2,797,000 after buying an additional 177,600 shares in the last quarter. New York State Common Retirement Fund raised its position 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 worth $1,789,000 after buying an additional 271,679 shares in the last quarter. Systematic Financial Management LP purchased a new position in Extreme Networks during the fourth quarter worth approximately $1,405,000. Finally, Nationwide Fund Advisors raised its position in Extreme Networks by 170.6% in the fourth quarter. Nationwide Fund Advisors now owns 565,433 shares of the company’s stock worth $2,307,000 after buying an additional 356,457 shares in the last quarter.
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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