News stories about Extreme Networks (NASDAQ:EXTR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of 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 0.18 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.8824089857014 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

EXTR has been the topic of a number of analyst reports. Needham & Company LLC increased their price target on Extreme Networks from $14.85 to $15.50 and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Extreme Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Craig Hallum reaffirmed a “buy” rating and set a $17.00 price objective (up previously from $12.50) on shares of Extreme Networks in a research note on Wednesday, November 8th. ValuEngine downgraded Extreme Networks from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Cowen initiated coverage on Extreme Networks in a research note on Wednesday, December 20th. They issued an “outperform” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.08.

Extreme Networks (EXTR) traded down $0.45 on Friday, hitting $10.32. The company’s stock had a trading volume of 2,872,078 shares, compared to its average volume of 3,401,123. Extreme Networks has a 1 year low of $5.65 and a 1 year high of $15.55. The firm has a market cap of $1,320.21, a P/E ratio of -58.00, a price-to-earnings-growth ratio of 1.17 and a beta of 1.32. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 1.09.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Extreme Networks had a positive return on equity of 44.41% and a negative net margin of 2.72%. The company had revenue of $231.12 million during the quarter, compared to analysts’ expectations of $241.49 million. During the same quarter last year, the company earned $0.12 EPS. Extreme Networks’s revenue for the quarter was up 47.8% compared to the same quarter last year. research analysts expect that Extreme Networks will post 0.59 EPS for the current year.

In other news, Director Charles Carinalli sold 20,000 shares of Extreme Networks stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $12.91, for a total value of $258,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of Extreme Networks stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $13.81, for a total transaction of $138,100.00. Following the completion of the sale, the director now owns 99,523 shares of the company’s stock, valued at $1,374,412.63. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Extreme Networks (NASDAQ:EXTR)

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