Extreme Networks (NASDAQ:EXTR) had its price objective upped by DA Davidson from $16.00 to $17.00 in a research note published on Wednesday, February 7th, Marketbeat.com reports. They currently have a buy rating on the technology company’s stock.
EXTR has been the subject of several other research reports. ValuEngine lowered shares of Extreme Networks from a buy rating to a hold rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of Extreme Networks from a buy rating to a hold rating in a report on Tuesday, January 9th. JMP Securities started coverage on shares of Extreme Networks in a report on Wednesday, January 3rd. They issued an outperform rating and a $16.00 target price on the stock. Cowen started coverage on shares of Extreme Networks in a report on Wednesday, December 20th. They issued an outperform rating and a $16.00 target price on the stock. Finally, Craig Hallum reiterated a buy rating and issued a $17.00 target price (up previously from $12.50) on shares of Extreme Networks in a report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $16.08.
Shares of Extreme Networks (NASDAQ EXTR) opened at $12.10 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Extreme Networks has a 52 week low of $6.00 and a 52 week high of $15.55. The stock has a market cap of $1,342.87, a price-to-earnings ratio of 27.09, a P/E/G ratio of 1.14 and a beta of 1.32.
In other news, Director Raj Khanna sold 10,000 shares of Extreme Networks stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $13.81, for a total transaction of $138,100.00. Following the sale, the director now directly owns 99,523 shares in the company, valued at approximately $1,374,412.63. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles Carinalli sold 20,000 shares of Extreme Networks stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $12.91, for a total transaction of $258,200.00. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Financial Gravity Companies Inc. acquired a new stake in shares of Extreme Networks during the 4th quarter valued at about $146,000. SG Americas Securities LLC acquired a new stake in shares of Extreme Networks during the 3rd quarter valued at about $116,000. Suntrust Banks Inc. acquired a new stake in shares of Extreme Networks during the 4th quarter valued at about $128,000. PNC Financial Services Group Inc. acquired a new stake in shares of Extreme Networks during the 2nd quarter valued at about $101,000. Finally, Howe & Rusling Inc. boosted its position in shares of Extreme Networks by 2,623.5% during the 3rd quarter. Howe & Rusling Inc. now owns 11,357 shares of the technology company’s stock valued at $135,000 after acquiring an additional 10,940 shares in the last quarter. Institutional investors and hedge funds own 82.00% of the company’s stock.
About Extreme Networks
Extreme Networks, Inc is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthcare, service provider and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis. The Company operates through the development and marketing of network infrastructure equipment segment.
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