Extreme Networks (EXTR) Receives Buy Rating from Cowen
A number of other brokerages have also issued reports on EXTR. BidaskClub raised Extreme Networks from a buy rating to a strong-buy rating in a report on Wednesday, January 31st. Zacks Investment Research lowered Extreme Networks from a hold rating to a sell rating in a report on Wednesday, January 31st. ValuEngine lowered Extreme Networks from a buy rating to a hold rating in a report on Friday, December 1st. JMP Securities began coverage on Extreme Networks in a report on Wednesday, January 3rd. They issued an outperform rating and a $16.00 price objective for the company. Finally, Craig Hallum reissued a buy rating and issued a $17.00 price objective (up from $12.50) on shares of Extreme Networks in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $16.08.
Shares of Extreme Networks (NASDAQ EXTR) opened at $10.53 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1,241.43, a P/E ratio of -58.50, a PEG ratio of 1.08 and a beta of 1.32. Extreme Networks has a 1 year low of $5.57 and a 1 year high of $15.55.
In other Extreme Networks news, Director Charles Carinalli sold 20,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $12.91, for a total transaction of $258,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $13.81, for a total value of $138,100.00. Following the transaction, the director now directly 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.
Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Extreme Networks during the 3rd quarter valued at $116,000. Suntrust Banks Inc. bought a new position in Extreme Networks during the 4th quarter valued at $128,000. PNC Financial Services Group Inc. bought a new position in Extreme Networks during the 2nd quarter valued at $101,000. Howe & Rusling Inc. boosted its stake in Extreme Networks by 2,623.5% during the 3rd quarter. Howe & Rusling Inc. now owns 11,357 shares of the technology company’s stock valued at $135,000 after purchasing an additional 10,940 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Extreme Networks during the 2nd quarter valued at $116,000. 82.16% of the stock is owned by hedge funds and other institutional investors.
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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