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

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $19.00.

Several research firms have issued reports on EXTR. Craig Hallum boosted their price target on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 price target on shares of Extreme Networks in a report on Thursday, August 8th. Rosenblatt Securities reissued a “buy” rating and issued a $21.00 price objective on shares of Extreme Networks in a research note on Wednesday, November 6th. Finally, B. Riley raised their price objective on shares of Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Extreme Networks Trading Up 0.4 %

Shares of Extreme Networks stock opened at $16.65 on Thursday. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. The stock has a market capitalization of $2.20 billion, a PE ratio of -17.16, a P/E/G ratio of 3.61 and a beta of 1.77. Extreme Networks has a 1-year low of $10.49 and a 1-year high of $18.77. The company’s fifty day simple moving average is $15.06 and its 200-day simple moving average is $13.63.

Insider Buying and Selling

In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $14.75, for a total value of $526,943.75. Following the sale, the chief executive officer now directly owns 1,448,378 shares in the company, valued at approximately $21,363,575.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Edward Meyercord sold 35,725 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $14.75, for a total value of $526,943.75. Following the completion of the transaction, the chief executive officer now directly owns 1,448,378 shares of the company’s stock, valued at approximately $21,363,575.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of Extreme Networks stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total transaction of $165,300.00. Following the completion of the transaction, the director now directly owns 228,733 shares of the company’s stock, valued at $3,780,956.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,175 shares of company stock worth $1,763,279. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Extreme Networks

Several hedge funds have recently bought and sold shares of EXTR. GAMMA Investing LLC grew its holdings in shares of Extreme Networks by 109.5% in the third quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,035 shares during the last quarter. Acadian Asset Management LLC bought a new position in Extreme Networks in the 1st quarter worth about $27,000. KBC Group NV grew its stake in Extreme Networks by 54.3% in the 3rd quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock worth $75,000 after acquiring an additional 1,745 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Extreme Networks by 1,635.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock worth $67,000 after acquiring an additional 4,709 shares during the period. Finally, Gladius Capital Management LP bought a new stake in shares of Extreme Networks during the second quarter valued at approximately $90,000. 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.