Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Extreme Networks (EXTR) Share Price
Media headlines about Extreme Networks (NASDAQ:EXTR) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Extreme Networks earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.8511957201023 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Tencent Seen Doubling by Stock-Picker Already Up 6,000% (bloomberg.com)
- Schools and Universities Continue to Choose Extreme Networks to Support BYOD, Virtual Reality and 1:1 Learning Initiatives (finance.yahoo.com)
- $241.13 Million in Sales Expected for Extreme Networks, Inc (EXTR) This Quarter (americanbankingnews.com)
- Today’s Hot Mover: Extreme Networks Inc (NASDAQ: EXTR) – Alpha Beta Stock (alphabetastock.com)
- The Stock on Analysts Watch-List: Extreme Networks, Inc. (EXTR) – Wall Street Morning (wallstreetmorning.com)
EXTR has been the topic of several analyst reports. Needham & Company LLC raised their target price on Extreme Networks from $12.50 to $13.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. BidaskClub upgraded Extreme Networks from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, August 18th. ValuEngine upgraded Extreme Networks from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Craig Hallum reiterated a “buy” rating and set a $17.00 target price (up from $12.50) on shares of Extreme Networks in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $13.25.
Shares of Extreme Networks (EXTR) opened at $12.72 on Thursday. The company has a market capitalization of $1,443.84, a PE ratio of 29.60, a P/E/G ratio of 1.24 and a beta of 1.14. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 1.11. Extreme Networks has a twelve month low of $4.37 and a twelve month high of $14.34.
Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $211.72 million for the quarter, compared to the consensus estimate of $203.86 million. Extreme Networks had a return on equity of 46.58% and a net margin of 0.34%. The company’s revenue was up 72.5% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. research analysts predict that Extreme Networks will post 0.6 earnings per share for the current year.
In other Extreme Networks news, Director Charles Carinalli sold 20,000 shares of Extreme Networks stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $12.91, for a total transaction of $258,200.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Raj Khanna sold 10,000 shares of Extreme Networks stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $13.81, for a total value of $138,100.00. Following the sale, the director now owns 99,523 shares in the company, valued at $1,374,412.63. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.
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About Extreme Networks
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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