2 weeks Ago By ABMN Staff
Extreme Networks, Inc. ( NASDAQ:EXTR – Get Free Report ) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 7,010,000 shares, a drop of 9.
5% from the August 31st total of 7,750,000 shares. Based on an average daily volume of 1,560,000 shares, the days-to-cover ratio is presently 4.5 days.
Wall Street Analysts Forecast Growth EXTR has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.50 price target on shares of Extreme Networks in a report on Thursday, August 8th.
Craig Hallum raised their price objective on Extreme Networks from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, August 8th.
Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.
90. Read Our Latest Research Report on Extreme Networks Insiders Place Their Bets Institutional Investors Weigh In On Extreme Networks Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXTR. Acadian Asset Management LLC purchased a new stake in Extreme Networks in the first quarter worth $27,000.
Allspring Global Investments Holdings LLC grew its stake in Extreme Networks by 1,635.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock worth $67,000 after purchasing an additional 4,709 shares during the period.
Hennessy Advisors Inc. purchased a new stake in Extreme Networks in the fourth quarter worth $82,000. Gladius Capital Management LP purchased a new stake in Extreme Networks in the second quarter worth $90,000.
Finally, Narus Financial Partners LLC purchased a new stake in Extreme Networks in the first quarter worth $130,000. 91.05% of the stock is owned by hedge funds and other institutional investors.
Extreme Networks Trading Down 1.7 % EXTR stock traded down $0.26 during midday trading on Tuesday, hitting $14.
77. The company had a trading volume of 786,322 shares, compared to its average volume of 1,967,473. The company has a current ratio of 0.
90, a quick ratio of 0.63 and a debt-to-equity ratio of 7.05.
Extreme Networks has a 52 week low of $10.49 and a 52 week high of $25.51.
The stock’s 50 day moving average price is $14.42 and its 200 day moving average price is $12.75.
The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -212.57, a PEG ratio of 3.
46 and a beta of 1.77. Extreme Networks ( NASDAQ:EXTR – Get Free Report ) last posted its earnings results on Wednesday, August 7th.
The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.
21). The business had revenue of $256.65 million for the quarter, compared to analysts’ expectations of $253.
21 million. Extreme Networks had a negative net margin of 7.69% and a negative return on equity of 24.
51%. Extreme Networks’s quarterly revenue was down 29.5% on a year-over-year basis.
During the same period last year, the firm posted $0.24 earnings per share. As a group, equities research analysts expect that Extreme Networks will post 0.
25 earnings per share for the current fiscal year. Extreme Networks Company Profile ( Get Free Report ) Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation. The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.
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