Extreme Networks (NASDAQ:EXTR) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday, February 16th.
A number of other analysts have also recently issued reports on EXTR. Craig Hallum reiterated a “buy” rating and issued a $17.00 target price (up from $12.50) on shares of Extreme Networks in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Friday, November 10th. Needham & Company LLC reiterated a “buy” rating on shares of Extreme Networks in a research note on Friday, November 10th. ValuEngine cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Cowen began coverage on shares of Extreme Networks in a research note on Wednesday, December 20th. They issued an “outperform” rating and a $16.00 target price for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Extreme Networks has a consensus rating of “Buy” and an average price target of $16.08.
Extreme Networks (NASDAQ EXTR) traded up $0.11 during mid-day trading on Friday, hitting $11.76. 1,182,596 shares of the company traded hands, compared to its average volume of 4,579,204. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.89 and a current ratio of 1.13. The firm has a market capitalization of $1,342.87, a PE ratio of -65.33, a P/E/G ratio of 1.14 and a beta of 1.32. Extreme Networks has a twelve month low of $6.00 and a twelve month high of $15.55.
Several institutional investors have recently modified their holdings of EXTR. PNC Financial Services Group Inc. acquired a new stake in shares of Extreme Networks in the second quarter worth $101,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Extreme Networks in the second quarter worth $116,000. SG Americas Securities LLC acquired a new stake in shares of Extreme Networks in the third quarter worth $116,000. Ameritas Investment Partners Inc. lifted its stake in shares of Extreme Networks by 13.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company’s stock worth $124,000 after buying an additional 1,565 shares during the last quarter. Finally, Suntrust Banks Inc. acquired a new stake in shares of Extreme Networks in the fourth quarter worth $128,000. Institutional investors and hedge funds own 74.53% of the company’s stock.
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Extreme Networks Company Profile
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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