Extreme Networks (EXTR) Receiving Positive Media Coverage, Study Shows
Press coverage about Extreme Networks (NASDAQ:EXTR) has trended positive on Sunday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Extreme Networks earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.7582339043595 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Extreme Networks, Inc. (EXTR) distanced 130.13% to its 52-Week … – Voice Of Analysts (analystsbuzz.com)
- Extreme Networks, Inc (NASDAQ:EXTR) to Release Earnings on Monday – ExpressNewsline (expressnewsline.com)
- Extreme Networks Provides European Investment Bank with Scalable, Future-Proof Network – CommsTrader (commstrader.com)
- Extreme Networks, Inc (EXTR) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Head to Head Survey: Ceragon Networks (CRNT) vs. Extreme Networks (NASDAQ:EXTR) (americanbankingnews.com)
Shares of Extreme Networks (NASDAQ EXTR) opened at 8.63 on Friday. The company’s 50-day moving average is $9.29 and its 200 day moving average is $8.01. The firm’s market cap is $950.73 million. Extreme Networks has a 52-week low of $3.75 and a 52-week high of $11.03.
A number of analysts have recently weighed in on the stock. BidaskClub lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Needham & Company LLC reiterated a “buy” rating and issued a $12.50 price objective (up previously from $9.50) on shares of Extreme Networks in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.10.
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In other Extreme Networks news, insider Edward Meyercord sold 65,000 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $10.10, for a total value of $656,500.00. Following the transaction, the insider now directly owns 563,034 shares of the company’s stock, valued at approximately $5,686,643.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.91% of the company’s stock.
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.
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