Shares of Extreme Networks, Inc (NASDAQ:EXTR) have been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $11.38.

A number of equities analysts have issued reports on the company. TheStreet lowered Extreme Networks from a “c-” rating to a “d+” rating in a research report on Wednesday, September 12th. ValuEngine lowered Extreme Networks from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 21st. Zacks Investment Research lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 9th. BidaskClub lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Finally, Needham & Company LLC lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th.

Shares of EXTR opened at $5.08 on Wednesday. Extreme Networks has a 52-week low of $4.81 and a 52-week high of $15.55. The company has a market capitalization of $648.40 million, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 1.67.

Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Wednesday, August 8th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. Extreme Networks had a positive return on equity of 43.70% and a negative net margin of 4.76%. The company had revenue of $278.30 million for the quarter, compared to analyst estimates of $279.22 million. During the same period in the prior year, the company posted $0.17 EPS. Extreme Networks’s quarterly revenue was up 55.6% on a year-over-year basis. Sell-side analysts expect that Extreme Networks will post 0.36 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in EXTR. BlackRock Inc. raised its position in shares of Extreme Networks by 5.7% during the 2nd quarter. BlackRock Inc. now owns 15,963,564 shares of the technology company’s stock valued at $127,071,000 after acquiring an additional 855,965 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in shares of Extreme Networks during the 2nd quarter valued at approximately $47,680,000. FMR LLC raised its position in shares of Extreme Networks by 925.2% during the 2nd quarter. FMR LLC now owns 3,381,200 shares of the technology company’s stock valued at $26,914,000 after acquiring an additional 3,051,400 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Extreme Networks by 7.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,592,011 shares of the technology company’s stock valued at $28,695,000 after acquiring an additional 188,494 shares in the last quarter. Finally, Redwood Investments LLC raised its position in shares of Extreme Networks by 12.4% during the 1st quarter. Redwood Investments LLC now owns 1,677,419 shares of the technology company’s stock valued at $18,569,000 after acquiring an additional 185,520 shares in the last quarter. 81.09% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Extreme Networks (NASDAQ:EXTR)

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