Extreme Networks, Inc. (NASDAQ:EXTR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have been given an average rating of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.00.

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. B. Riley increased their target price on shares of Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Craig Hallum lifted their price target on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $21.00 price objective on shares of Extreme Networks in a research note on Wednesday, November 6th.

Extreme Networks Stock Down 1.2 %

Shares of NASDAQ:EXTR opened at $17.49 on Monday. Extreme Networks has a 12-month low of $10.49 and a 12-month high of $18.77. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -18.03, a PEG ratio of 3.92 and a beta of 1.76. The business’s 50 day moving average is $15.68 and its 200 day moving average is $14.28.

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, Director Charles Carinalli sold 5,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $16.06, for a total value of $80,300.00. Following the transaction, the director now owns 371,793 shares in the company, valued at approximately $5,970,995.58. The trade was a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raj Khanna sold 10,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total value of $165,300.00. Following the transaction, the director now owns 228,733 shares in the company, valued at approximately $3,780,956.49. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,450 shares of company stock worth $1,390,490 over the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Extreme Networks

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC grew its holdings in shares of Extreme Networks by 8.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 101,439 shares of the technology company’s stock worth $1,525,000 after acquiring an additional 8,131 shares during the period. Barclays PLC increased its position in shares of Extreme Networks by 369.8% during the third quarter. Barclays PLC now owns 217,875 shares of the technology company’s stock valued at $3,274,000 after acquiring an additional 171,500 shares in the last quarter. State Street Corp raised its stake in shares of Extreme Networks by 1.0% in the third quarter. State Street Corp now owns 5,134,008 shares of the technology company’s stock worth $77,164,000 after purchasing an additional 49,905 shares during the last quarter. Quarry LP bought a new position in Extreme Networks during the 3rd quarter valued at about $26,000. Finally, Portolan Capital Management LLC lifted its position in Extreme Networks by 194.6% during the third quarter. Portolan Capital Management LLC now owns 1,060,828 shares of the technology company’s stock valued at $15,944,000 after purchasing an additional 700,724 shares during the period. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Company Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.