Cowen restated their buy rating on shares of Extreme Networks (NASDAQ:EXTR) in a report issued on Wednesday morning. The firm currently has a $18.00 price objective on the technology company’s stock.

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.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $231.12 million during the quarter, compared to analyst estimates of $241.49 million. During the same period in the prior year, the company posted $0.12 EPS. The business’s revenue for the quarter was up 47.8% compared to the same quarter last year. research analysts predict that Extreme Networks will post 0.59 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Extreme Networks (NASDAQ:EXTR)

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