Extreme Networks (NASDAQ:EXTR) had its price target lifted by DA Davidson from $16.00 to $17.00 in a research note released on Wednesday, Marketbeat.com reports. They currently have a buy rating on the technology company’s stock.

EXTR has been the subject of a number of other research reports. ValuEngine cut Extreme Networks from a buy rating to a hold rating in a research report on Friday, December 1st. Zacks Investment Research cut Extreme Networks from a buy rating to a hold rating in a research report on Tuesday, January 9th. JMP Securities started coverage on Extreme Networks in a research report on Wednesday, January 3rd. They set an outperform rating and a $16.00 price target for the company. Cowen began coverage on Extreme Networks in a research report on Wednesday, December 20th. They set an outperform rating and a $16.00 price target for the company. Finally, Craig Hallum reissued a buy rating and issued a $17.00 price objective (up previously from $12.50) on shares of Extreme Networks in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $16.08.

Shares of Extreme Networks (NASDAQ EXTR) opened at $10.53 on Wednesday. Extreme Networks has a 52-week low of $5.57 and a 52-week high of $15.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.09 and a current ratio of 1.31. The company has a market capitalization of $1,170.00, a PE ratio of -55.42, a price-to-earnings-growth ratio of 1.08 and a beta of 1.31.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Extreme Networks had a positive return on equity of 44.41% and a negative net margin of 2.72%. The company had revenue of $231.12 million during the quarter, compared to analysts’ expectations of $241.49 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The firm’s revenue was up 47.8% compared to the same quarter last year. equities analysts forecast that Extreme Networks will post 0.59 earnings per share for the current year.

In other news, Director Charles Carinalli sold 20,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $12.91, for a total value of $258,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raj Khanna sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $13.81, for a total value of $138,100.00. Following the completion of the transaction, the director now directly owns 99,523 shares of the company’s stock, valued at approximately $1,374,412.63. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Extreme Networks by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,040,988 shares of the technology company’s stock valued at $74,138,000 after buying an additional 830,103 shares during the period. BlackRock Inc. lifted its holdings in shares of Extreme Networks by 3.1% in the 4th quarter. BlackRock Inc. now owns 7,530,223 shares of the technology company’s stock valued at $94,278,000 after buying an additional 224,820 shares during the period. State Street Corp lifted its holdings in shares of Extreme Networks by 4.7% in the 2nd quarter. State Street Corp now owns 2,307,153 shares of the technology company’s stock valued at $21,273,000 after buying an additional 102,591 shares during the period. FMR LLC lifted its holdings in shares of Extreme Networks by 57.9% in the 2nd quarter. FMR LLC now owns 2,130,799 shares of the technology company’s stock valued at $19,647,000 after buying an additional 781,130 shares during the period. Finally, Copper Rock Capital Partners LLC acquired a new position in shares of Extreme Networks in the 4th quarter valued at about $24,503,000. 82.16% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Extreme Networks (NASDAQ:EXTR)

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