Shares of Extreme Networks, Inc (NASDAQ:EXTR) hit a new 52-week low during trading on Tuesday . The company traded as low as $5.25 and last traded at $5.45, with a volume of 111020 shares trading hands. The stock had previously closed at $5.46.

A number of brokerages recently commented on EXTR. ValuEngine raised Extreme Networks from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 12th. BidaskClub raised Extreme Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, June 13th. Zacks Investment Research lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 9th. JMP Securities decreased their target price on Extreme Networks from $12.00 to $9.00 and set a “market outperform” rating for the company in a research report on Thursday, August 9th. Finally, DA Davidson decreased their target price on Extreme Networks to $13.00 and set a “buy” rating for the company in a research report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.75.

The stock has a market cap of $679.16 million, a P/E ratio of 12.14, a PEG ratio of 1.02 and a beta of 1.17. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.19 and a quick ratio of 1.01.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, August 8th. The technology company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Extreme Networks had a positive return on equity of 43.70% and a negative net margin of 4.76%. The business had revenue of $278.30 million during the quarter, compared to analyst estimates of $279.22 million. During the same period in the previous year, the company posted $0.17 EPS. The firm’s revenue was up 55.6% compared to the same quarter last year. equities analysts predict that Extreme Networks, Inc will post 0.4 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp increased its holdings in Extreme Networks by 2.8% during the 2nd quarter. Northern Trust Corp now owns 1,473,325 shares of the technology company’s stock worth $11,728,000 after purchasing an additional 39,720 shares in the last quarter. Putnam Investments LLC bought a new stake in Extreme Networks during the 2nd quarter worth approximately $2,287,000. Jafra Capital Management LP increased its holdings in Extreme Networks by 29.8% during the 2nd quarter. Jafra Capital Management LP now owns 489,741 shares of the technology company’s stock worth $3,898,000 after purchasing an additional 112,500 shares in the last quarter. Millennium Management LLC increased its holdings in Extreme Networks by 731.1% during the 2nd quarter. Millennium Management LLC now owns 1,200,465 shares of the technology company’s stock worth $9,556,000 after purchasing an additional 1,056,025 shares in the last quarter. Finally, Zebra Capital Management LLC increased its holdings in Extreme Networks by 44.2% during the 2nd quarter. Zebra Capital Management LLC now owns 67,334 shares of the technology company’s stock worth $536,000 after purchasing an additional 20,648 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Extreme Networks Company Profile (NASDAQ:EXTR)

Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.

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