Extreme Networks Inc. (NASDAQ:EXTR) had its target price upped by stock analysts at Buckingham Research from $4.00 to $4.50 in a research report issued to clients and investors on Thursday. The firm presently has a “neutral” rating on the stock. Buckingham Research’s price objective indicates a potential upside of 6.38% from the company’s previous close.

Other equities analysts have also issued reports about the company. DA Davidson raised Extreme Networks from a “neutral” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Thursday. Wunderlich increased their price target on Extreme Networks from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $4.30 price target on shares of Extreme Networks in a research note on Wednesday, August 31st. Finally, Zacks Investment Research raised Extreme Networks from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research note on Monday, August 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $4.97.

Extreme Networks (NASDAQ:EXTR) opened at 4.23 on Thursday. Extreme Networks has a 1-year low of $2.32 and a 1-year high of $4.55. The company has a 50-day moving average price of $3.92 and a 200 day moving average price of $3.50. The firm’s market capitalization is $450.02 million.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The firm earned $140 million during the quarter, compared to analyst estimates of $141.89 million. Extreme Networks had a positive return on equity of 15.59% and a negative net margin of 6.03%. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Equities analysts anticipate that Extreme Networks will post $0.34 earnings per share for the current year.

In other news, Director John H. Kispert sold 15,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $4.00, for a total value of $60,000.00. Following the completion of the sale, the director now owns 170,748 shares of the company’s stock, valued at $682,992. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John H. Kispert sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $3.80, for a total value of $95,000.00. Following the completion of the sale, the director now directly owns 180,748 shares of the company’s stock, valued at approximately $686,842.40. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Smith Asset Management Group LP boosted its stake in shares of Extreme Networks by 4.8% in the second quarter. Smith Asset Management Group LP now owns 878,930 shares of the company’s stock valued at $2,980,000 after buying an additional 40,620 shares during the period. Boothbay Fund Management LLC boosted its stake in shares of Extreme Networks by 26.3% in the first quarter. Boothbay Fund Management LLC now owns 366,697 shares of the company’s stock valued at $1,140,000 after buying an additional 76,422 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of Extreme Networks by 84.0% in the first quarter. Panagora Asset Management Inc. now owns 151,521 shares of the company’s stock valued at $471,000 after buying an additional 69,168 shares during the period. Barclays PLC boosted its stake in shares of Extreme Networks by 54.0% in the first quarter. Barclays PLC now owns 536,353 shares of the company’s stock valued at $1,609,000 after buying an additional 188,153 shares during the period. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Extreme Networks during the first quarter valued at approximately $117,000. 82.33% of the stock is owned by institutional investors and hedge funds.

Extreme Networks Company Profile

Extreme Networks, Inc is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthcare, service provider and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis. The Company operates through the development and marketing of network infrastructure equipment segment.

5 Day Chart for NASDAQ:EXTR

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