Extreme Networks, Inc. (EXTR) Set to Announce Quarterly Earnings on Monday

Extreme Networks, Inc. (NASDAQ:EXTR) is scheduled to issue its quarterly earnings data after the market closes on Monday, August 14th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.

Shares of Extreme Networks, Inc. (EXTR) opened at 8.63 on Friday. The company’s 50-day moving average price is $9.29 and its 200-day moving average price is $8.01. Extreme Networks, Inc. has a 52-week low of $3.75 and a 52-week high of $11.03. The stock’s market cap is $950.73 million.

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In other news, insider Edward Meyercord sold 65,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $10.10, for a total transaction of $656,500.00. Following the sale, the insider now directly owns 563,034 shares of the company’s stock, valued at $5,686,643.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.91% of the stock is owned by insiders.

EXTR has been the subject of several research analyst reports. Zacks Investment Research lowered Extreme Networks from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.50 target price (up from $9.50) on shares of Extreme Networks in a research report on Friday, June 2nd. Finally, BidaskClub lowered Extreme Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $8.10.

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 for Extreme Networks (NASDAQ:EXTR)

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