Extreme Networks (EXTR) Scheduled to Post Earnings on Wednesday

Extreme Networks (NASDAQ:EXTR – Get Rating) is set to release its earnings data before the market opens on Wednesday, April 27th. Analysts expect Extreme Networks to post earnings of $0.11 per share for the quarter. Extreme Networks has set its Q3 guidance at $0.16-0.21 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Extreme Networks (NASDAQ:EXTR – Get Rating) last announced its quarterly earnings results on Thursday, January 27th. The technology company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Extreme Networks had a return on equity of 115.23% and a net margin of 3.69%. The company had revenue of $280.90 million during the quarter, compared to analysts’ expectations of $272.07 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, analysts expect Extreme Networks to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of EXTR stock opened at $11.90 on Wednesday. The stock’s 50 day simple moving average is $11.84 and its 200 day simple moving average is $12.37. Extreme Networks has a twelve month low of $8.98 and a twelve month high of $16.60. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.84 and a current ratio of 0.92. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 38.39 and a beta of 1.96.

A number of analysts have recently weighed in on EXTR shares. Zacks Investment Research cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday, April 4th. Lake Street Capital upped their price target on shares of Extreme Networks from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, March 17th. Needham & Company LLC boosted their price objective on Extreme Networks from $16.00 to $18.50 and gave the stock a “buy” rating in a research report on Tuesday, December 28th. StockNews.com initiated coverage on Extreme Networks in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Finally, TheStreet lowered Extreme Networks from a “b” rating to a “c+” rating in a report on Thursday, January 27th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $16.63.

In related news, CEO Edward Meyercord sold 25,000 shares of the stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $12.47, for a total value of $311,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Joseph A. Vitalone sold 30,000 shares of Extreme Networks stock in a transaction that occurred on Monday, January 31st. The shares were sold at an average price of $12.00, for a total value of $360,000.00. The disclosure for this sale can be found here. Insiders have sold 125,000 shares of company stock worth $1,494,900 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Amalgamated Bank lifted its holdings in Extreme Networks by 1.3% during the 4th quarter. Amalgamated Bank now owns 66,563 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 848 shares during the last quarter. Credit Suisse AG increased its holdings in shares of Extreme Networks by 1.4% during the fourth quarter. Credit Suisse AG now owns 85,027 shares of the technology company’s stock worth $1,335,000 after buying an additional 1,207 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Extreme Networks by 3.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 105,697 shares of the technology company’s stock valued at $1,659,000 after acquiring an additional 3,299 shares during the last quarter. Metropolitan Life Insurance Co NY raised its stake in shares of Extreme Networks by 15.1% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 31,965 shares of the technology company’s stock valued at $502,000 after acquiring an additional 4,190 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Extreme Networks by 5.3% in the 3rd quarter. Royal Bank of Canada now owns 93,658 shares of the technology company’s stock worth $923,000 after acquiring an additional 4,689 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Extreme Networks Company Profile (Get Rating)

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.

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