Extreme Networks, Inc. (EXTR) Director Charles Carinalli Sells 20,000 Shares of Stock
Extreme Networks, Inc. (NASDAQ:EXTR) Director Charles Carinalli sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $12.91, for a total value of $258,200.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Extreme Networks, Inc. (NASDAQ EXTR) opened at $12.97 on Tuesday. Extreme Networks, Inc. has a 52 week low of $4.17 and a 52 week high of $13.20. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1,450.00, a P/E ratio of 29.79, a P/E/G ratio of 1.35 and a beta of 1.12.
Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Tuesday, November 7th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Extreme Networks had a return on equity of 46.58% and a net margin of 0.34%. The firm had revenue of $211.72 million for the quarter, compared to analyst estimates of $203.86 million. During the same quarter in the prior year, the company earned $0.07 EPS. Extreme Networks’s revenue was up 72.5% on a year-over-year basis. equities analysts forecast that Extreme Networks, Inc. will post 0.56 earnings per share for the current year.
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A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Extreme Networks by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,040,988 shares of the technology company’s stock valued at $74,138,000 after buying an additional 830,103 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Extreme Networks by 30.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,649,429 shares of the technology company’s stock valued at $19,897,000 after buying an additional 618,989 shares in the last quarter. State Street Corp lifted its stake in Extreme Networks by 4.7% in the 2nd quarter. State Street Corp now owns 2,307,153 shares of the technology company’s stock valued at $21,273,000 after buying an additional 102,591 shares in the last quarter. FMR LLC lifted its stake in Extreme Networks by 57.9% in the 2nd quarter. FMR LLC now owns 2,130,799 shares of the technology company’s stock valued at $19,647,000 after buying an additional 781,130 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Extreme Networks by 474.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,593,826 shares of the technology company’s stock valued at $14,695,000 after buying an additional 1,316,604 shares in the last quarter. 76.89% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the company. ValuEngine lowered Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Craig Hallum reissued a “buy” rating and set a $17.00 price target (up previously from $12.50) on shares of Extreme Networks in a research note on Wednesday, November 8th. Zacks Investment Research lowered Extreme Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Needham & Company LLC reissued a “buy” rating on shares of Extreme Networks in a research note on Friday, November 10th. Finally, BidaskClub raised Extreme Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $13.25.
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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