Extreme Networks (EXTR) Trading Down 5.6%
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.
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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