Extreme Networks (EXTR) Scheduled to Post Earnings on Wednesday

Extreme Networks (NASDAQ:EXTR) will release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Extreme Networks to post earnings of $0.12 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). Extreme Networks had a negative net margin of 7.69% and a negative return on equity of 24.51%. The firm had revenue of $256.65 million during the quarter, compared to analysts’ expectations of $253.21 million. During the same period in the previous year, the firm posted $0.24 EPS. The firm’s quarterly revenue was down 29.5% on a year-over-year basis. On average, analysts expect Extreme Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Extreme Networks Stock Down 0.7 %

EXTR opened at $14.25 on Tuesday. Extreme Networks has a fifty-two week low of $10.49 and a fifty-two week high of $20.83. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.63 and a current ratio of 0.90. The company has a fifty day moving average of $14.89 and a two-hundred day moving average of $13.22. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -203.57, a PEG ratio of 3.37 and a beta of 1.76.

Insider Activity at Extreme Networks

In related news, CEO Edward Meyercord sold 35,725 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $14.75, for a total transaction of $526,943.75. Following the completion of the sale, the chief executive officer now owns 1,448,378 shares of the company’s stock, valued at approximately $21,363,575.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $16.50 target price on shares of Extreme Networks in a research note on Thursday, August 8th. Craig Hallum boosted their target price on shares of Extreme Networks from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Extreme Networks has an average rating of “Moderate Buy” and an average target price of $15.90.

About Extreme Networks

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.