BidaskClub upgraded shares of Extreme Networks (NASDAQ:EXTR) from a sell rating to a hold rating in a research note released on Tuesday, BidAskClub reports.

Separately, Zacks Investment Research cut Extreme Networks from a hold rating to a sell rating in a report on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $9.00.

Shares of EXTR opened at $5.58 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.10 and a debt-to-equity ratio of 1.37. Extreme Networks has a 1 year low of $4.81 and a 1 year high of $9.08. The stock has a market cap of $705.41 million, a price-to-earnings ratio of 12.68 and a beta of 1.55.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. Extreme Networks had a positive return on equity of 26.15% and a negative net margin of 1.41%. The firm had revenue of $250.90 million for the quarter, compared to analysts’ expectations of $253.49 million. During the same quarter last year, the business earned $0.16 earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts predict that Extreme Networks will post 0.08 earnings per share for the current year.

In other Extreme Networks news, insider Edward Meyercord sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $7.49, for a total transaction of $112,350.00. Following the transaction, the insider now owns 547,692 shares in the company, valued at $4,102,213.08. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.45% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of EXTR. Acadian Asset Management LLC bought a new position in shares of Extreme Networks during the 4th quarter valued at about $25,000. Meeder Asset Management Inc. lifted its holdings in shares of Extreme Networks by 438.4% during the 1st quarter. Meeder Asset Management Inc. now owns 3,467 shares of the technology company’s stock valued at $26,000 after purchasing an additional 2,823 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Extreme Networks during the 4th quarter valued at about $45,000. PNC Financial Services Group Inc. lifted its holdings in shares of Extreme Networks by 384.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,292 shares of the technology company’s stock valued at $57,000 after purchasing an additional 7,372 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Extreme Networks during the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Extreme Networks Company Profile

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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