Extreme Networks, Inc (NASDAQ:EXTR)’s share price traded down 5.6% during trading on Friday . The stock traded as low as $7.34 and last traded at $7.35. 857,285 shares were traded during trading, a decline of 45% from the average session volume of 1,549,868 shares. The stock had previously closed at $7.79.

Several equities analysts recently commented on the stock. BidaskClub cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Zacks Investment Research cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. TheStreet upgraded shares of Extreme Networks from a “d+” rating to a “c” rating in a research note on Tuesday, January 29th. ValuEngine upgraded shares of Extreme Networks from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Finally, DA Davidson set a $13.00 target price on shares of Extreme Networks and gave the company a “buy” rating in a research note on Monday, January 14th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $9.00.

The company has a market cap of $858.19 million, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.99 and a beta of 1.26. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.04 and a current ratio of 1.23.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Tuesday, January 29th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.09. Extreme Networks had a negative net margin of 2.04% and a positive return on equity of 36.26%. The company had revenue of $252.70 million during the quarter, compared to analysts’ expectations of $244.45 million. During the same quarter in the prior year, the company posted $0.14 EPS. The business’s revenue was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that Extreme Networks, Inc will post 0.27 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Extreme Networks by 2.6% in the 3rd quarter. BlackRock Inc. now owns 16,383,752 shares of the technology company’s stock valued at $89,782,000 after buying an additional 420,188 shares in the last quarter. FMR LLC raised its stake in shares of Extreme Networks by 4.3% in the 3rd quarter. FMR LLC now owns 3,526,720 shares of the technology company’s stock valued at $19,326,000 after buying an additional 145,520 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Extreme Networks by 62.0% in the 3rd quarter. Alliancebernstein L.P. now owns 3,047,897 shares of the technology company’s stock valued at $16,702,000 after buying an additional 1,166,520 shares in the last quarter. Millennium Management LLC raised its stake in shares of Extreme Networks by 109.0% in the 4th quarter. Millennium Management LLC now owns 2,281,026 shares of the technology company’s stock valued at $13,914,000 after buying an additional 1,189,409 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Extreme Networks in the 3rd quarter valued at $9,922,000. Institutional investors own 80.67% of the company’s stock.

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About Extreme Networks (NASDAQ:EXTR)

Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.

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