AlphaMark Advisors LLC acquired a new stake in shares of Extreme Networks, Inc (NASDAQ:EXTR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 80,953 shares of the technology company’s stock, valued at approximately $444,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Usca Ria LLC acquired a new position in Extreme Networks during the second quarter valued at approximately $102,000. Campbell & CO Investment Adviser LLC acquired a new position in Extreme Networks during the second quarter valued at approximately $108,000. Raymond James Trust N.A. acquired a new position in Extreme Networks during the second quarter valued at approximately $141,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Extreme Networks during the second quarter valued at approximately $195,000. Finally, New Jersey Better Educational Savings Trust acquired a new position in Extreme Networks during the second quarter valued at approximately $271,000. Hedge funds and other institutional investors own 80.98% of the company’s stock.
EXTR has been the subject of a number of analyst reports. DA Davidson decreased their price objective on shares of Extreme Networks to $13.00 and set a “buy” rating for the company in a report on Thursday, August 9th. BidaskClub upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating in a report on Wednesday. TheStreet cut shares of Extreme Networks from a “c-” rating to a “d+” rating in a report on Wednesday, September 12th. Needham & Company LLC cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, ValuEngine upgraded shares of Extreme Networks from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.75.
Extreme Networks stock opened at $6.69 on Wednesday. The company has a market capitalization of $773.81 million, a PE ratio of 15.20, a P/E/G ratio of 1.30 and a beta of 0.90. Extreme Networks, Inc has a twelve month low of $4.81 and a twelve month high of $15.55. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 1.67.
Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Friday, November 2nd. The technology company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.05. The company had revenue of $239.89 million during the quarter, compared to analysts’ expectations of $233.36 million. Extreme Networks had a negative net margin of 5.96% and a positive return on equity of 36.03%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. As a group, equities research analysts predict that Extreme Networks, Inc will post 0.36 EPS for the current fiscal year.
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About Extreme Networks
Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.
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