News stories about Extreme Networks (NASDAQ:EXTR) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Extreme Networks earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.2205257358624 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Analysts Expect Extreme Networks, Inc. (EXTR) to Post $0.14 Earnings Per Share (americanbankingnews.com)
- Extreme : unveils a unified partner programme (4-traders.com)
- Extreme Networks, Inc. (EXTR) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Extreme Networks Folds Three Partner Programs into Unified, Industry Leading Program – PR Newswire (press release) (prnewswire.com)
- First Week Of June 2018 Options Trading For Extreme Networks (EXTR) (thestreet.com)
A number of analysts have recently issued reports on EXTR shares. ValuEngine upgraded Extreme Networks from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Needham & Company LLC boosted their price objective on Extreme Networks from $12.50 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. BidaskClub cut Extreme Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research cut Extreme Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $11.67.
Shares of Extreme Networks (NASDAQ EXTR) traded up 3.08% during mid-day trading on Friday, reaching $12.03. The company’s stock had a trading volume of 1,203,183 shares. Extreme Networks has a 52-week low of $4.02 and a 52-week high of $13.20. The firm’s market cap is $1.36 billion. The firm has a 50 day moving average price of $11.83 and a 200 day moving average price of $10.02.
Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Monday, August 14th. The technology company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Extreme Networks had a positive return on equity of 41.17% and a negative net margin of 1.42%. The company had revenue of $178.70 million for the quarter, compared to the consensus estimate of $171.96 million. During the same quarter last year, the business earned $0.10 EPS. Extreme Networks’s revenue was up 28.0% on a year-over-year basis. On average, equities analysts predict that Extreme Networks will post $0.65 EPS for the current fiscal year.
In other Extreme Networks news, insider Edward Meyercord sold 100,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $10.52, for a total transaction of $1,052,000.00. Following the transaction, the insider now owns 471,653 shares in the company, valued at approximately $4,961,789.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kathleen M. Holmgren acquired 5,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were bought at an average price of $11.49 per share, for a total transaction of $57,450.00. Following the purchase, the director now 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 owned by company insiders.
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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.
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