Craig Hallum reissued their buy rating on shares of Extreme Networks, Inc. (NASDAQ:EXTR) in a research report released on Wednesday, The Fly reports. They currently have a $17.00 price objective on the technology company’s stock, up from their prior price objective of $12.50.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Extreme Networks from a strong-buy rating to a hold rating in a research report on Tuesday, October 17th. ValuEngine cut Extreme Networks from a buy rating to a hold rating in a research report on Monday, October 2nd. BidaskClub upgraded Extreme Networks from a sell rating to a hold rating in a research report on Wednesday, August 16th. Finally, Needham & Company LLC upped 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Extreme Networks presently has an average rating of Buy and an average target price of $13.25.

Shares of Extreme Networks (EXTR) traded down $0.19 during trading on Wednesday, reaching $11.24. The company had a trading volume of 1,455,300 shares, compared to its average volume of 1,521,177. Extreme Networks has a fifty-two week low of $4.17 and a fifty-two week high of $13.20. The company has a market cap of $1,296.39, a PE ratio of 26.58, a P/E/G ratio of 1.30 and a beta of 1.13. The company has a quick ratio of 1.09, a current ratio of 1.27 and a debt-to-equity ratio of 0.75.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. Extreme Networks had a return on equity of 51.82% and a net margin of 0.34%. The firm had revenue of $211.72 million for the quarter, compared to analysts’ expectations of $203.86 million. During the same period in the prior year, the business posted $0.07 earnings per share. The company’s revenue was up 72.5% on a year-over-year basis. research analysts predict that Extreme Networks will post 0.52 earnings per share for the current fiscal year.

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In related news, Director Kathleen M. Holmgren acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average cost of $11.49 per share, for a total transaction of $57,450.00. Following the completion of the transaction, the director now owns 36,662 shares in the company, valued at $421,246.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Meyercord sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $10.52, for a total transaction of $1,052,000.00. Following the completion of the transaction, the insider now owns 471,653 shares in the company, 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.

Several hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in shares of Extreme Networks by 35.0% in the third quarter. Wells Fargo & Company MN now owns 479,037 shares of the technology company’s stock worth $5,696,000 after purchasing an additional 124,178 shares during the last quarter. Trexquant Investment LP increased its position in shares of Extreme Networks by 28.5% in the third quarter. Trexquant Investment LP now owns 23,089 shares of the technology company’s stock worth $275,000 after purchasing an additional 5,114 shares during the last quarter. American International Group Inc. increased its position in shares of Extreme Networks by 8.1% in the third quarter. American International Group Inc. now owns 73,207 shares of the technology company’s stock worth $870,000 after purchasing an additional 5,473 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Extreme Networks in the third quarter worth approximately $4,991,000. Finally, Cipher Capital LP increased its position in shares of Extreme Networks by 53.7% in the third quarter. Cipher Capital LP now owns 341,982 shares of the technology company’s stock worth $4,066,000 after purchasing an additional 119,504 shares during the last quarter. Institutional investors own 80.05% of the company’s stock.

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.

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