Extreme Networks, Inc. (NASDAQ:EXTR) – Investment analysts at DA Davidson increased their Q2 2019 earnings estimates for Extreme Networks in a report issued on Wednesday. DA Davidson analyst M. Kelleher now expects that the technology company will earn $0.18 per share for the quarter, up from their prior estimate of $0.15. DA Davidson also issued estimates for Extreme Networks’ Q3 2019 earnings at $0.22 EPS and FY2019 earnings at $0.82 EPS.

Several other equities research analysts have also commented on EXTR. Zacks Investment Research upgraded shares of 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 Friday. Needham & Company LLC restated a “buy” rating on shares of Extreme Networks in a research report on Friday. Craig Hallum restated a “buy” rating and set a $17.00 target price (up from $12.50) on shares of Extreme Networks in a research report on Wednesday, November 8th. BidaskClub upgraded shares of Extreme Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, ValuEngine lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $13.25.

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Shares of Extreme Networks (NASDAQ:EXTR) opened at $11.24 on Monday. The company has a market cap of $1,274.84, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. Extreme Networks has a 1 year low of $4.17 and a 1 year high of $13.20. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.09 and a current ratio of 1.31.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $211.72 million for the quarter, compared to analysts’ expectations of $203.86 million. Extreme Networks had a net margin of 0.34% and a return on equity of 46.58%. Extreme Networks’s revenue was up 72.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 EPS.

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. purchased a new stake in shares of Extreme Networks in the 2nd quarter worth about $101,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Extreme Networks in the 2nd quarter worth about $116,000. SG Americas Securities LLC purchased a new stake in shares of Extreme Networks in the 3rd quarter worth about $116,000. Ameritas Investment Partners Inc. boosted its position in shares of Extreme Networks by 13.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company’s stock worth $124,000 after buying an additional 1,565 shares in the last quarter. Finally, Amalgamated Bank boosted its position in shares of Extreme Networks by 10.9% in the 2nd quarter. Amalgamated Bank now owns 14,049 shares of the technology company’s stock worth $130,000 after buying an additional 1,378 shares in the last quarter. Institutional investors and hedge funds own 77.65% of the company’s stock.

In related news, insider Edward Meyercord sold 100,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $10.52, for a total value of $1,052,000.00. Following the sale, the insider now directly owns 471,653 shares in the company, valued at approximately $4,961,789.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen M. Holmgren acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was acquired at an average price of $11.49 per share, for a total transaction of $57,450.00. Following the completion of the transaction, the director now directly owns 36,662 shares in the company, valued at $421,246.38. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by 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.

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

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