Extreme Networks Inc. (EXTR) Trading Up 2.8%
Extreme Networks Inc. (NASDAQ:EXTR) was up 2.8% during mid-day trading on Tuesday . The stock traded as high as $3.73 and last traded at $3.73, with a volume of 161,817 shares changing hands. The stock had previously closed at $3.63.
EXTR has been the topic of several analyst reports. Zacks Investment Research lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.75 target price on shares of Extreme Networks in a research report on Wednesday, June 15th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $4.45.
The company’s market cap is $383.59 million. The firm has a 50 day moving average of $3.54 and a 200 day moving average of $3.28.
Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, April 27th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. The business earned $125.30 million during the quarter, compared to analyst estimates of $123.02 million. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business earned ($0.08) EPS. On average, equities research analysts anticipate that Extreme Networks Inc. will post $0.28 EPS for the current fiscal year.
Other hedge funds have recently made changes to their positions in the company. Systematic Financial Management LP purchased a new stake in shares of Extreme Networks during the fourth quarter valued at $1,405,000. New York State Common Retirement Fund raised its stake in shares of 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 last quarter. American Century Companies Inc. raised its stake in shares of 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 last quarter. Russell Frank Co raised its stake in shares of Extreme Networks by 32.0% in the fourth quarter. Russell Frank Co now owns 545,358 shares of the company’s stock valued at $2,258,000 after buying an additional 132,274 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.