Extreme Networks, Inc (NASDAQ:EXTR) – Research analysts at DA Davidson raised their Q3 2018 EPS estimates for shares of Extreme Networks in a research note issued to investors on Wednesday. DA Davidson analyst M. Kelleher now anticipates that the technology company will post earnings per share of $0.13 for the quarter, up from their prior estimate of $0.12. DA Davidson has a “Buy” rating and a $17.00 price objective on the stock. DA Davidson also issued estimates for Extreme Networks’ Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.52 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.27 EPS and FY2019 earnings at $0.83 EPS.

A number of other research analysts have also issued reports on the company. Zacks Investment Research raised Extreme Networks from a “sell” rating to a “hold” rating in a report on Monday. Needham & Company LLC boosted their target price on Extreme Networks from $14.85 to $15.50 and gave the company a “buy” rating in a report on Wednesday, February 7th. Cowen reissued a “buy” rating and issued a $18.00 target price on shares of Extreme Networks in a report on Wednesday, February 7th. BidaskClub raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Finally, JMP Securities assumed coverage on Extreme Networks in a report on Wednesday, January 3rd. They issued an “outperform” rating and a $16.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $16.08.

Extreme Networks (NASDAQ EXTR) traded up $0.60 during trading hours on Monday, hitting $11.13. The stock had a trading volume of 3,914,600 shares, compared to its average volume of 3,444,979. The firm has a market capitalization of $1,213.77, a price-to-earnings ratio of -61.16, a P/E/G ratio of 1.03 and a beta of 1.32. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.89 and a current ratio of 1.13. Extreme Networks has a 1-year low of $5.75 and a 1-year high of $15.55.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Tuesday, February 6th. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The business had revenue of $231.12 million for the quarter, compared to analyst estimates of $241.49 million. Extreme Networks had a positive return on equity of 44.24% and a negative net margin of 2.72%. The company’s revenue for the quarter was up 47.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share.

A number of hedge funds have recently made changes to their positions in the stock. Amalgamated Bank grew its holdings in Extreme Networks by 10.9% during the second quarter. Amalgamated Bank now owns 14,049 shares of the technology company’s stock worth $130,000 after acquiring an additional 1,378 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Extreme Networks by 13.0% during the second quarter. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company’s stock worth $124,000 after acquiring an additional 1,565 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Extreme Networks by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 84,882 shares of the technology company’s stock worth $782,000 after acquiring an additional 3,319 shares during the period. Voya Investment Management LLC grew its holdings in Extreme Networks by 7.8% during the second quarter. Voya Investment Management LLC now owns 51,883 shares of the technology company’s stock worth $478,000 after acquiring an additional 3,773 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Extreme Networks by 1.4% during the fourth quarter. California Public Employees Retirement System now owns 350,812 shares of the technology company’s stock worth $4,392,000 after acquiring an additional 4,800 shares during the period. 82.00% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Raj Khanna sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $13.81, for a total transaction of $138,100.00. Following the transaction, the director now owns 99,523 shares of the company’s stock, valued at $1,374,412.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles Carinalli sold 20,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $12.91, for a total value of $258,200.00. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Q3 2018 EPS Estimates for Extreme Networks, Inc Raised by DA Davidson (EXTR)” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.watchlistnews.com/q3-2018-eps-estimates-for-extreme-networks-inc-raised-by-da-davidson-extr/1863332.html.

Extreme Networks Company Profile

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)

Receive News & Ratings for Extreme Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extreme Networks and related companies with MarketBeat.com's FREE daily email newsletter.