Extreme Networks, Inc (NASDAQ:EXTR) insider Edward Meyercord sold 99,859 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $6.34, for a total transaction of $633,106.06. Following the completion of the sale, the insider now owns 554,840 shares in the company, valued at approximately $3,517,685.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ EXTR opened at $5.87 on Wednesday. The company has a market capitalization of $762.09 million, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. Extreme Networks, Inc has a 1 year low of $4.81 and a 1 year high of $15.55. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.23 and a quick ratio of 1.06.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Friday, November 2nd. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Extreme Networks had a negative net margin of 5.96% and a positive return on equity of 35.66%. The business had revenue of $239.89 million for the quarter, compared to the consensus estimate of $233.36 million. During the same period last year, the company earned $0.16 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. Analysts forecast that Extreme Networks, Inc will post 0.33 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on EXTR shares. ValuEngine upgraded shares of Extreme Networks from a “strong sell” rating to a “sell” rating in a report on Thursday, July 26th. Zacks Investment Research raised Extreme Networks from a “sell” rating to a “hold” rating in a report on Monday, November 5th. BidaskClub raised Extreme Networks from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. Cowen lowered Extreme Networks from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $16.00 to $6.50 in a research report on Thursday, August 9th. Finally, JMP Securities lowered their target price on Extreme Networks from $12.00 to $9.00 and set a “market outperform” rating for the company in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.70.

A number of large investors have recently bought and sold shares of the stock. Legal & General Group Plc grew its holdings in shares of Extreme Networks by 663.9% in the 1st quarter. Legal & General Group Plc now owns 214,342 shares of the technology company’s stock worth $2,365,000 after acquiring an additional 186,283 shares during the period. Royal Bank of Canada grew its holdings in shares of Extreme Networks by 29.3% in the 1st quarter. Royal Bank of Canada now owns 74,044 shares of the technology company’s stock worth $820,000 after acquiring an additional 16,790 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Extreme Networks by 1,163.6% in 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. James Investment Research Inc. acquired a new stake in shares of Extreme Networks in the 2nd quarter worth approximately $533,000. Finally, Eqis Capital Management Inc. grew its holdings in shares of Extreme Networks by 71.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 193,296 shares of the technology company’s stock worth $1,539,000 after acquiring an additional 80,233 shares during the period. Institutional investors and hedge funds own 81.56% of the company’s stock.

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Extreme Networks Company Profile

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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