Economy

Stock is down at $9.46 (EXTR) Extreme Networks Acquisition of Avaya…

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.

EXTR has been the topic of several recent research reports. Allianz Asset Management AG increased its position in Extreme Networks by 142.7% in the fourth quarter. The company has an average rating of "Buy" and an average price target of $8.10. MARSHALL WACE ASIA Ltd bought a new position in shares of Extreme Networks during the first quarter valued at $7,374,000. 400,816 shares of the stock were exchanged. Finally, Dimensional Fund Advisors LP increased its position in Extreme Networks by 12.1% in the fourth quarter. On April 13 the company was downgraded from "Buy" to "Neutral" with a current price target of $0.00 in a report from DA Davidson. The share price of EXTR has risen by over 80.11% in the last six months. (NASDAQ:EXTR) opened at 9.31 on Monday.

Since May 31, 2017, it had 0 buys, and 1 insider sale for $1.29 million activity. Extreme Networks, Inc. has a 52-week low of 3.37 and a 52-week high of 11.03. The company has market cap of $1.08 billion.

The stock's 50 day moving average is 9.75 and its 200 day moving average is 7.17.

Hercules Capital, Inc. (HTGC) declined -1.04% and its total traded volume was 0.39 million shares contrast to the average volume of 0.62 million shares. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. Extreme Networks had a positive return on equity of 33.40% and a negative net margin of 4.12%. During the same period past year, the business posted $0.03 EPS. Its revenue has grown at an average annualized rate of about 17.00% during the past five years.

COPYRIGHT VIOLATION NOTICE: This story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was stolen and republished in violation of USA and worldwide trademark and copyright legislation. The original version of this news story can be viewed at https://sportsperspectives.com/2017/07/12/state-board-of-administration-of-florida-retirement-system-maintains-stake-in-extreme-networks-inc-extr-updated-updated.html. For the next financial year, analysts anticipate that the firm will report sales of $650.44 million per share, with estimates ranging from $639.50 million to $661.38 million.

Extreme Networks, Inc is a provider of network infrastructure equipment.

Extreme Networks, Inc. has a 1.06B market cap and its past year revenues were 559.00M.

According to the latest research reports released, 1 analyst has issued a rating of "buy", 2 analysts "outperform", 1 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Zacks Investment Research raised Extreme Networks from a "hold" rating to a "buy" rating and set a $7.50 price objective on the stock in a report on Thursday, March 16th.

"We are excited to clear this final milestone on the path to acquiring the Avaya Networking business", said Ed Meyercord, President and CEO of Extreme Networks. They now have a United States dollars 5.5 price target on the stock.

01/15/2014 - Extreme Networks, Inc. had its " rating reiterated by analysts at Wedbush. Wired to wireless, desktop to data center, on premise or through the cloud, we go to extreme measures for our customers in more than 80 countries, delivering 100% insourced call-in technical support to organizations large and small, including some of the world's leading names in business, hospitality, retail, transportation and logistics, education, government, healthcare and manufacturing. The Company operates through the development and marketing of network infrastructure equipment segment.



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