Extreme Networks (EXTR) Stock Rating Upgraded by ValuEngine
Extreme Networks (NASDAQ:EXTR) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Extreme Networks from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Tuesday, July 3rd. DA Davidson decreased their price target on Extreme Networks to $13.00 and set a “buy” rating for the company in a research report on Thursday, August 9th. BidaskClub upgraded Extreme Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, June 13th. TheStreet lowered Extreme Networks from a “c-” rating to a “d+” rating in a research report on Wednesday, September 12th. Finally, Needham & Company LLC lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $11.75.
Shares of EXTR stock opened at $5.08 on Thursday. Extreme Networks has a fifty-two week low of $4.81 and a fifty-two week high of $15.55. The stock has a market cap of $648.40 million, a P/E ratio of 11.55, a PEG ratio of 1.09 and a beta of 1.01. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 1.67.
Several large investors have recently added to or reduced their stakes in EXTR. BlackRock Inc. boosted its position in shares of Extreme Networks by 100.6% in the 1st quarter. BlackRock Inc. now owns 15,107,599 shares of the technology company’s stock valued at $167,242,000 after purchasing an additional 7,577,376 shares during the period. Paradigm Capital Management Inc. NY acquired a new stake in Extreme Networks during the 2nd quarter worth about $47,680,000. FMR LLC boosted its position in Extreme Networks by 925.2% during the 2nd quarter. FMR LLC now owns 3,381,200 shares of the technology company’s stock worth $26,914,000 after acquiring an additional 3,051,400 shares during the period. Millennium Management LLC boosted its position in Extreme Networks by 731.1% during the 2nd quarter. Millennium Management LLC now owns 1,200,465 shares of the technology company’s stock worth $9,556,000 after acquiring an additional 1,056,025 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Extreme Networks by 1,163.6% during the 1st quarter. Principal Financial Group Inc. now owns 967,304 shares of the technology company’s stock worth $10,708,000 after acquiring an additional 890,753 shares during the period. Institutional investors and hedge funds own 81.09% of the company’s stock.
About Extreme Networks
Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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