Analysts expect that Extreme Networks, Inc. (NASDAQ:EXTR) will announce earnings of $0.14 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Extreme Networks’ earnings. The lowest EPS estimate is $0.13 and the highest is $0.15. Extreme Networks reported earnings per share of $0.07 during the same quarter last year, which indicates a positive year over year growth rate of 100%. The company is expected to report its next quarterly earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Extreme Networks will report full-year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.63 to $0.67. For the next fiscal year, analysts anticipate that the company will post earnings of $0.74 per share, with EPS estimates ranging from $0.65 to $0.83. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Extreme Networks.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Monday, August 14th. The technology company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Extreme Networks had a negative net margin of 1.42% and a positive return on equity of 41.17%. The company had revenue of $178.70 million during the quarter, compared to the consensus estimate of $171.96 million. During the same period in the previous year, the business posted $0.10 earnings per share. The firm’s revenue was up 28.0% on a year-over-year basis.

Several research analysts recently commented on the company. ValuEngine cut Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub raised Extreme Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday, August 18th. Finally, Needham & Company LLC increased their price target on Extreme Networks from $12.50 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $11.67.

In related news, Director Kathleen M. Holmgren purchased 5,000 shares of Extreme Networks stock in a transaction that occurred on Wednesday, August 30th. The stock was purchased at an average cost of $11.49 per share, with a total value of $57,450.00. Following the completion of the transaction, the director now owns 36,662 shares of the company’s stock, valued at approximately $421,246.38. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward Meyercord sold 100,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $10.52, for a total value of $1,052,000.00. Following the transaction, the insider now directly owns 471,653 shares of the company’s stock, valued at $4,961,789.56. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of EXTR. PNC Financial Services Group Inc. bought a new stake in Extreme Networks in the second quarter valued at approximately $101,000. BlueCrest Capital Management Ltd bought a new stake in Extreme Networks in the second quarter valued at approximately $116,000. Ameritas Investment Partners Inc. raised its stake in Extreme Networks by 13.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company’s stock valued at $124,000 after buying an additional 1,565 shares during the period. Amalgamated Bank raised its stake in Extreme Networks by 10.9% in the second quarter. Amalgamated Bank now owns 14,049 shares of the technology company’s stock valued at $130,000 after buying an additional 1,378 shares during the period. Finally, FNY Partners Fund LP bought a new stake in Extreme Networks in the first quarter valued at approximately $112,000. 79.71% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This article was reported by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://www.watchlistnews.com/analysts-anticipate-extreme-networks-inc-extr-to-post-0-14-eps/1616351.html.

Shares of Extreme Networks (NASDAQ EXTR) traded up 0.24% on Friday, hitting $12.47. The company had a trading volume of 1,440,542 shares. The firm has a 50 day moving average of $11.51 and a 200-day moving average of $9.49. The firm’s market capitalization is $1.41 billion. Extreme Networks has a 12-month low of $4.02 and a 12-month high of $13.20.

About Extreme Networks

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.

Get a free copy of the Zacks research report on Extreme Networks (EXTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Extreme Networks (NASDAQ:EXTR)

Receive News & Ratings for Extreme Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extreme Networks Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.