Media coverage about Extreme Networks (NASDAQ:EXTR) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Extreme Networks earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.8908747301323 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Extreme Networks (EXTR) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Extreme Networks, Inc (EXTR) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Zacks: Brokerages Expect Extreme Networks, Inc (EXTR) to Post $0.13 Earnings Per Share (americanbankingnews.com)
- Column: Side Effects of Extreme Caregiving (wildhunt.org)
- Why Extreme Networks, Inc Stock Rose 149% in 2017 (fool.com)
A number of equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a research report on Tuesday. JMP Securities assumed coverage on shares of Extreme Networks in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $16.00 price objective for the company. Cowen assumed coverage on shares of Extreme Networks in a research report on Wednesday, December 20th. They set an “outperform” rating and a $16.00 price objective for the company. Finally, Craig Hallum reaffirmed a “buy” rating and set a $17.00 price objective (up previously from $12.50) on shares of Extreme Networks in a research report on Wednesday, November 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.17.
Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Extreme Networks had a net margin of 0.34% and a return on equity of 46.58%. The business had revenue of $211.72 million during the quarter, compared to the consensus estimate of $203.86 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue for the quarter was up 72.5% compared to the same quarter last year. research analysts expect that Extreme Networks will post 0.6 earnings per share for the current year.
In other Extreme Networks news, Director Charles Carinalli sold 20,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $12.91, for a total value of $258,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raj Khanna sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $13.81, for a total transaction of $138,100.00. Following the completion of the transaction, the director now owns 99,523 shares of the company’s stock, valued at approximately $1,374,412.63. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.
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.
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