Extreme Networks (EXTR) Getting Somewhat Favorable Media Coverage, Accern Reports
Media coverage about Extreme Networks (NASDAQ:EXTR) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Extreme Networks earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.3612326837187 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Extreme Networks, Inc. (EXTR)- Stocks Getting Investors Vote of Confidence – NASDAQ Times (nasdaqtimes.com)
- BRIEF-Extreme Networks to acquire data center business directly from Brocade Communications (reuters.com)
- Broadcom’s $5.5B deal to buy Brocade is delayed again (siliconangle.com)
- EXTREME NETWORKS, INC. – StreetInsider.com (streetinsider.com)
- Extreme Networks To Buy Data Center Business From Brocade Communications – Nasdaq (nasdaq.com)
EXTR has been the topic of a number of research analyst reports. ValuEngine cut Extreme Networks from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub upgraded Extreme Networks from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a 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 stock a “buy” rating in a report on Tuesday, August 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $11.67.
Extreme Networks (NASDAQ EXTR) traded down 1.11% during trading on Thursday, hitting $12.44. The company’s stock had a trading volume of 844,910 shares. The firm’s market cap is $1.41 billion. Extreme Networks has a 12 month low of $4.02 and a 12 month high of $13.20. The firm has a 50 day moving average of $11.40 and a 200 day moving average of $9.42.
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). The business had revenue of $178.70 million during the quarter, compared to the consensus estimate of $171.96 million. Extreme Networks had a positive return on equity of 41.17% and a negative net margin of 1.42%. Extreme Networks’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share. Equities research analysts predict that Extreme Networks will post $0.70 earnings per share for the current year.
In other Extreme Networks news, Director Kathleen M. Holmgren acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were purchased at an average cost of $11.49 per share, for a total transaction of $57,450.00. Following the transaction, the director now owns 36,662 shares in the company, valued at $421,246.38. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Edward Meyercord sold 100,000 shares of Extreme Networks stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $10.52, for a total value of $1,052,000.00. Following the completion of the sale, 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. 1.90% of the stock is currently owned by company insiders.
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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