B. Riley Boosts Extreme Networks (NASDAQ:EXTR) Price Target to $15.00

Extreme Networks (NASDAQ:EXTR) had its price objective upped by B. Riley from $14.00 to $15.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other research analysts also recently weighed in on EXTR. TheStreet downgraded shares of Extreme Networks from a b- rating to a c+ rating in a report on Tuesday, February 20th. Needham & Company LLC restated a buy rating and set a $16.50 target price on shares of Extreme Networks in a report on Wednesday. Rosenblatt Securities upgraded Extreme Networks from a neutral rating to a buy rating and upped their price target for the stock from $15.00 to $17.00 in a research note on Thursday. StockNews.com lowered Extreme Networks from a buy rating to a hold rating in a report on Thursday, February 1st. Finally, UBS Group lowered Extreme Networks from a buy rating to a neutral rating and reduced their target price for the stock from $22.00 to $14.00 in a report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $20.50.

Extreme Networks Stock Down 1.9 %

EXTR stock traded down $0.22 during mid-day trading on Thursday, hitting $11.20. The stock had a trading volume of 4,770,165 shares, compared to its average volume of 2,162,929. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -160.00, a PEG ratio of 4.07 and a beta of 1.88. The company has a current ratio of 0.96, a quick ratio of 0.74 and a debt-to-equity ratio of 2.78. Extreme Networks has a 1-year low of $10.57 and a 1-year high of $32.73. The company has a fifty day moving average of $11.52 and a 200 day moving average of $14.80.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The business had revenue of $296.38 million during the quarter, compared to analyst estimates of $295.50 million. Extreme Networks had a negative net margin of 0.52% and a positive return on equity of 37.36%. On average, equities analysts expect that Extreme Networks will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Extreme Networks

A number of institutional investors and hedge funds have recently bought and sold shares of EXTR. Asset Management One Co. Ltd. bought a new position in shares of Extreme Networks during the 3rd quarter worth about $37,000. Handelsbanken Fonder AB increased its stake in Extreme Networks by 26.9% during the third quarter. Handelsbanken Fonder AB now owns 23,100 shares of the technology company’s stock valued at $559,000 after acquiring an additional 4,900 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Extreme Networks in the 3rd quarter worth approximately $549,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Extreme Networks during the 3rd quarter worth approximately $339,000. Finally, Raymond James & Associates increased its position in shares of Extreme Networks by 19.1% during the third quarter. Raymond James & Associates now owns 518,825 shares of the technology company’s stock valued at $12,561,000 after purchasing an additional 83,211 shares during the period. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Company Profile

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.