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.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. The firm had revenue of $278.30 million for the quarter, compared to analysts’ expectations of $279.22 million. Extreme Networks had a negative net margin of 4.76% and a positive return on equity of 43.70%. The firm’s revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. As a group, equities research analysts expect that Extreme Networks will post 0.36 earnings per share for the current year.

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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Analyst Recommendations for Extreme Networks (NASDAQ:EXTR)

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