Extreme Networks (EXTR) Upgraded to Hold at BidaskClub
Extreme Networks (NASDAQ:EXTR) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
A number of other research firms have also issued reports on EXTR. DA Davidson reduced their target price on shares of Extreme Networks to $13.00 and set a “buy” rating on the stock in a report on Thursday, August 9th. Zacks Investment Research upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Tuesday, July 3rd. TheStreet lowered shares of Extreme Networks from a “c-” rating to a “d+” rating in a report on Wednesday, September 12th. Needham & Company LLC lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, ValuEngine upgraded shares of Extreme Networks from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $11.75.
Shares of NASDAQ EXTR opened at $5.28 on Wednesday. The stock has a market capitalization of $648.40 million, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. Extreme Networks has a 52 week low of $4.81 and a 52 week high of $15.55. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.01 and a current ratio of 1.19.
Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Extreme Networks by 5.7% in the 2nd quarter. BlackRock Inc. now owns 15,963,564 shares of the technology company’s stock valued at $127,071,000 after purchasing an additional 855,965 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of Extreme Networks by 31.9% during the 2nd quarter. United Services Automobile Association now owns 782,785 shares of the technology company’s stock worth $6,231,000 after acquiring an additional 189,463 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Extreme Networks by 1,163.6% during the 1st quarter. Principal Financial Group Inc. now owns 967,304 shares of the technology company’s stock worth $10,708,000 after acquiring an additional 890,753 shares during the period. BlueMountain Capital Management LLC lifted its holdings in shares of Extreme Networks by 8,273.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 50,996 shares of the technology company’s stock worth $406,000 after acquiring an additional 50,387 shares during the period. Finally, Raymond James Trust N.A. purchased a new position in shares of Extreme Networks during the 2nd quarter worth about $141,000. Institutional investors own 81.09% of the company’s stock.
About Extreme Networks
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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