Extreme Networks (NASDAQ:EXTR) Director Edward H. Kennedy purchased 50,000 shares of the firm’s stock in a transaction dated Friday, May 18th. The shares were bought at an average price of $9.03 per share, with a total value of $451,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
EXTR opened at $9.18 on Friday. The stock has a market cap of $1.06 billion, a PE ratio of 20.40, a P/E/G ratio of 1.29 and a beta of 1.62. Extreme Networks has a 52-week low of $8.10 and a 52-week high of $15.55. The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 1.36.
Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing the 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 the consensus estimate of $268.32 million. During the same quarter last year, the company posted $0.10 EPS. The business’s revenue was up 75.6% compared to the same quarter last year. equities research analysts forecast that Extreme Networks will post 0.42 earnings per share for the current year.
EXTR has been the subject of several recent analyst reports. Zacks Investment Research downgraded Extreme Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. BidaskClub upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. Cowen reiterated a “buy” rating and set a $18.00 price target on shares of Extreme Networks in a research note on Wednesday, February 7th. DA Davidson upped their price target on Extreme Networks from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Needham & Company LLC upped their price target on Extreme Networks from $14.85 to $15.50 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target 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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