Extreme Networks (NASDAQ:EXTR) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.00-0.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.21. The company issued revenue guidance of $230-240 million, compared to the consensus revenue estimate of $268.74 million.

EXTR traded up $0.05 during midday trading on Thursday, reaching $6.14. 67,971 shares of the company were exchanged, compared to its average volume of 1,486,776. The firm has a market capitalization of $1.02 billion, a P/E ratio of 17.62, a P/E/G ratio of 0.54 and a beta of 1.39. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.88 and a current ratio of 1.09. Extreme Networks has a one year low of $5.35 and a one year high of $15.55.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, August 8th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $278.30 million during the quarter, compared to analyst estimates of $279.22 million. Extreme Networks had a positive return on equity of 43.61% and a negative net margin of 3.28%. Extreme Networks’s quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. equities analysts forecast that Extreme Networks will post 0.42 earnings per share for the current year.

Several equities research analysts have issued reports on EXTR shares. BidaskClub upgraded Extreme Networks from a sell rating to a hold rating in a research report on Wednesday, May 9th. ValuEngine upgraded Extreme Networks from a strong sell rating to a sell rating in a research report on Tuesday, June 12th. Finally, Zacks Investment Research upgraded Extreme Networks from a hold rating to a buy rating and set a $13.00 target price on the stock in a research report on Wednesday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $11.75.

In other Extreme Networks news, Director Raj Khanna acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 24th. The shares were bought at an average price of $8.96 per share, for a total transaction of $89,600.00. Following the completion of the transaction, the director now owns 109,523 shares of the company’s stock, valued at approximately $981,326.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward H. Kennedy acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, May 16th. The stock was acquired at an average price of $8.62 per share, for a total transaction of $431,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 150,000 shares of company stock worth $1,308,500. Company insiders own 1.90% of the company’s stock.

About Extreme Networks

Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. The company designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls.

Further Reading: Market Capitalization and Individual Investors

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

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