Extreme Networks (EXTR) Projected to Post Earnings on Wednesday

Extreme Networks (NASDAQ:EXTR) is anticipated to post its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect Extreme Networks to post earnings of $0.18 per share and revenue of $278,050.00 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Extreme Networks Trading Up 0.8 %

Shares of NASDAQ:EXTR opened at $17.46 on Wednesday. Extreme Networks has a 52 week low of $10.49 and a 52 week high of $19.24. The company’s 50 day moving average is $17.06 and its two-hundred day moving average is $15.44. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33. The company has a market cap of $2.31 billion, a PE ratio of -18.00, a P/E/G ratio of 3.77 and a beta of 1.75.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Craig Hallum increased their price objective on shares of Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised shares of Extreme Networks from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. B. Riley increased 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. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $21.00 price objective on shares of Extreme Networks in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Extreme Networks currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Insider Buying and Selling

In other news, Director Raj Khanna sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total value of $165,300.00. Following the completion of the sale, the director now owns 228,733 shares in the company, valued at approximately $3,780,956.49. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles Carinalli sold 5,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $16.06, for a total transaction of $80,300.00. Following the completion of the sale, the director now owns 371,793 shares of the company’s stock, valued at $5,970,995.58. This trade represents a 1.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,725 shares of company stock worth $863,546 in the last 90 days. Company insiders own 3.70% of the company’s stock.

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.