Extreme Networks (NASDAQ:EXTR) insider Edward Meyercord purchased 20,000 shares of Extreme Networks stock in a transaction on Monday, May 14th. The stock was purchased at an average price of $8.42 per share, for a total transaction of $168,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Extreme Networks opened at $9.11 on Friday, Marketbeat Ratings reports. Extreme Networks has a 1 year low of $8.49 and a 1 year high of $8.71. The company has a market cap of $1.01 billion, a PE ratio of 26.79, a P/E/G ratio of 1.23 and a beta of 1.62. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 1.36.
Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Tuesday, May 8th. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.05). Extreme Networks had a positive return on equity of 43.61% and a negative net margin of 3.28%. The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $268.32 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. Extreme Networks’s revenue for the quarter was up 75.6% on a year-over-year basis. research analysts predict that Extreme Networks will post 0.42 EPS for the current year.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Extreme Networks from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. Finally, BidaskClub upgraded shares of Extreme Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Extreme Networks has a consensus rating of “Buy” and a consensus target price of $16.08.
About Extreme Networks
Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. 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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