Shares of Extreme Networks, Inc (NASDAQ:EXTR) have been given an average rating of “Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $13.33.

A number of analysts have recently weighed in on the stock. ValuEngine cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Needham & Company LLC restated a “buy” rating on shares of Extreme Networks in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Friday, November 10th. Finally, Craig Hallum restated a “buy” rating and issued a $17.00 price objective (up from $12.50) on shares of Extreme Networks in a research note on Wednesday, November 8th.

Shares of Extreme Networks (NASDAQ EXTR) traded up $0.11 during trading on Thursday, hitting $12.45. 1,141,784 shares of the stock were exchanged, compared to its average volume of 1,576,560. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 1.09. Extreme Networks has a twelve month low of $4.91 and a twelve month high of $14.34. The firm has a market capitalization of $1,363.31, a PE ratio of 27.95, a price-to-earnings-growth ratio of 1.17 and a beta of 1.14.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. Extreme Networks had a net margin of 0.34% and a return on equity of 46.58%. The business had revenue of $211.72 million during the quarter, compared to analysts’ expectations of $203.86 million. During the same period in the previous year, the company earned $0.07 earnings per share. Extreme Networks’s revenue for the quarter was up 72.5% on a year-over-year basis. equities research analysts anticipate that Extreme Networks will post 0.6 EPS for the current year.

In related news, Director Raj Khanna sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $13.81, for a total transaction of $138,100.00. Following the completion of the transaction, the director now directly owns 99,523 shares in the company, valued at approximately $1,374,412.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles Carinalli sold 20,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $12.91, for a total transaction of $258,200.00. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Extreme Networks by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,040,988 shares of the technology company’s stock valued at $74,138,000 after purchasing an additional 830,103 shares during the last quarter. State Street Corp raised its stake in Extreme Networks by 4.7% during the 2nd quarter. State Street Corp now owns 2,307,153 shares of the technology company’s stock valued at $21,273,000 after purchasing an additional 102,591 shares during the last quarter. FMR LLC raised its stake in Extreme Networks by 57.9% during the 2nd quarter. FMR LLC now owns 2,130,799 shares of the technology company’s stock valued at $19,647,000 after purchasing an additional 781,130 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Extreme Networks by 474.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,593,826 shares of the technology company’s stock valued at $14,695,000 after purchasing an additional 1,316,604 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC acquired a new position in Extreme Networks during the 2nd quarter valued at $14,029,000. Hedge funds and other institutional investors own 80.87% of the company’s stock.

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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.

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