Extreme Networks (NASDAQ:EXTR – Get Free Report) will issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Extreme Networks (NASDAQ:EXTR – Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). Extreme Networks had a return on equity of 98.24% and a net margin of 5.96%. The company had revenue of $296.38 million during the quarter, compared to analysts’ expectations of $295.50 million. On average, analysts expect Extreme Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Extreme Networks Trading Down 0.4 %
Shares of EXTR stock opened at $11.55 on Tuesday. The company has a market cap of $1.49 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 4.14 and a beta of 1.90. Extreme Networks has a 1 year low of $10.57 and a 1 year high of $32.73. The stock’s 50 day simple moving average is $11.59 and its two-hundred day simple moving average is $15.01. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.02 and a quick ratio of 0.74.
Insiders Place Their Bets
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. UBS Group lowered shares of Extreme Networks from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $22.00 to $14.00 in a research note on Thursday, February 1st. StockNews.com lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Rosenblatt Securities downgraded Extreme Networks from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $15.00 in a report on Thursday, February 1st. Needham & Company LLC dropped their price objective on Extreme Networks from $23.00 to $16.50 and set a “buy” rating for the company in a report on Thursday, February 1st. Finally, TheStreet lowered Extreme Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.36.
Get Our Latest Stock Report on Extreme Networks
About Extreme Networks
Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.
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