Economy

Analysts Alert: Extreme Networks (EXTR)

Needham & Company LLC lifted their price target on Extreme Networks from $12.50 to $13.00 and gave the company a "buy" rating in a research report on Tuesday, August 15th. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company's stock valued at $124,000 after buying an additional 1,565 shares during the period.

Insider Trades for Extreme Networks Inc. show that the latest trade was made on 31 Aug 2017 where Davies (Benjamin Drew), the Chief Financial Officer completed a transaction type "Buy" in which 8334 shares were traded at a price of $0. Extreme Networks Inc had 9 analyst reports since August 7, 2015 according to SRatingsIntel. They expect $0.10 earnings per share, up 150.00% or $0.06 from last year's $0.04 per share.

COPYRIGHT VIOLATION WARNING: This story was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune. BlueCrest Capital Management Ltd acquired a new position in shares of Extreme Networks during the second quarter valued at $116,000. The company has market cap of $1.31 billion. Out of the analyst recommendations 1 rate Extreme Networks (NASDAQ:EXTR) stock a Buy, 2 rate the stock Outperform, 1 rate Hold, 0 rate Underperform and 0 recommend a Sell. After $0.14 actual earnings per share reported by Extreme Networks, Inc for the previous quarter, Wall Street now forecasts -28.57% negative EPS growth. The original version of this story can be read at https://stocknewstimes.com/2017/10/19/zacks-investment-research-downgrades-extreme-networks-inc-extr-to-hold.html. Legal & General Group Plc lifted its stake in shares of Extreme Networks by 7.4% during the second quarter. ValuEngine lowered Extreme Networks from a buy rating to a hold rating in a research note on Monday, October 2nd. The company reported the earnings of $0.17/Share in the last quarter where the estimated EPS by analysts was $0.15/share.

The company shows its Return on Assets (ROA) value of -1.9%.

01/15/2014 - Extreme Networks, Inc. had its "outperform" rating reiterated by analysts at Wedbush. Moreover, Wellington Mgmt Grp Incorporated Llp has 0% invested in Extreme Networks, Inc (NASDAQ:EXTR). BidaskClub lowered Extreme Networks from a "buy" rating to a "hold" rating in a research note on Wednesday, July 5th. The stock was sold at an average price of $10.52, for a total transaction of $1,052,000.00. The company now has a Return on Equity of -9.2% and a Return on Investment of -2.5%. Following the transaction, the insider now directly owns 471,653 shares of the company's stock, valued at approximately $4,961,789.56. The company was maintained on Friday, April 21 by RBC Capital Markets. The shares were acquired at an average cost of $11.49 per share, with a total value of $57,450.00. The disclosure for this sale can be found here. (NASDAQ EXTR) traded up 1.94% during trading on Friday, hitting $11.54. Return on Equity (ROE) stands at -9.2% and Return on Investment (ROI) of -2.5 percent. Finally, FNY Partners Fund LP bought a new stake in Extreme Networks during the first quarter valued at $112,000. The firm earned $122.60 million during the quarter, compared to analysts' expectations of $126.06 million.

In case of Revenue Estimates, 3 analysts have provided their consensus Average Revenue Estimates for Extreme Networks Inc.as 204.69 Million. EXTR's profit will be $11.28M for 29.03 P/E if the $0.10 EPS becomes a reality. 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.

Several analysts recently issued reports on the stock. The Firm operates through the development and marketing of network infrastructure equipment segment. The company presently has an average rating of "Hold" and a consensus price target of $11.67.

Institutional investors and hedge funds have recently modified their holdings of the company.



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