Edward Meyercord Sells 99,859 Shares of Extreme Networks, Inc (EXTR) Stock
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.
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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