Extreme Networks (NASDAQ:EXTR) Upgraded at StockNews.com

StockNews.com upgraded shares of Extreme Networks (NASDAQ:EXTR) from a hold rating to a buy rating in a report released on Sunday morning.

EXTR has been the subject of several other research reports. Craig Hallum upped their price objective on shares of Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $16.50 price objective on shares of Extreme Networks in a research note on Thursday, August 8th. B. Riley upped their target price on Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $21.00 target price on shares of Extreme Networks in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.00.

Extreme Networks Price Performance

Extreme Networks stock opened at $15.42 on Friday. The stock’s fifty day moving average price is $15.17 and its two-hundred day moving average price is $13.73. The firm has a market cap of $2.04 billion, a PE ratio of -15.90, a price-to-earnings-growth ratio of 3.40 and a beta of 1.77. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. Extreme Networks has a one year low of $10.49 and a one year high of $18.77.

Insider Transactions at Extreme Networks

In related news, CEO Edward Meyercord sold 35,725 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $15.02, for a total value of $536,589.50. Following the completion of the transaction, the chief executive officer now owns 1,448,378 shares in the company, valued at $21,754,637.56. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total transaction of $165,300.00. Following the sale, the director now directly owns 228,733 shares in the company, valued at $3,780,956.49. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,175 shares of company stock worth $1,763,279. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. ProShare Advisors LLC raised its holdings in Extreme Networks by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 25,502 shares of the technology company’s stock worth $294,000 after purchasing an additional 1,741 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Extreme Networks by 50.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 54,244 shares of the technology company’s stock valued at $626,000 after buying an additional 18,206 shares during the period. Vanguard Group Inc. increased its position in Extreme Networks by 16.9% in the 1st quarter. Vanguard Group Inc. now owns 15,181,169 shares of the technology company’s stock valued at $175,191,000 after buying an additional 2,191,181 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Extreme Networks during the 1st quarter worth approximately $27,000. Finally, Edgestream Partners L.P. boosted its holdings in Extreme Networks by 367.6% in the first quarter. Edgestream Partners L.P. now owns 95,177 shares of the technology company’s stock worth $1,098,000 after acquiring an additional 74,824 shares in the last quarter. 91.05% of the stock is owned by institutional investors.

About Extreme Networks

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.