Extreme Networks (NASDAQ:EXTR) Upgraded at StockNews.com

StockNews.com upgraded shares of Extreme Networks (NASDAQ:EXTR) from a hold rating to a buy rating in a research report released on Sunday morning.

EXTR has been the subject of several other reports. Needham & Company LLC reissued a “buy” rating and issued a $16.50 price objective on shares of Extreme Networks in a research note on Thursday, August 8th. Craig Hallum increased their price target on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, October 31st. B. Riley lifted their price objective on shares of Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $21.00 target price on shares of Extreme Networks in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Extreme Networks Trading Up 0.6 %

NASDAQ:EXTR opened at $15.42 on Friday. Extreme Networks has a one year low of $10.49 and a one year high of $18.77. The company has a market cap of $2.04 billion, a PE ratio of -15.90, a PEG ratio of 3.40 and a beta of 1.77. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. The firm has a 50-day moving average of $15.17 and a 200-day moving average of $13.73.

Insider Transactions at Extreme Networks

In other news, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $14.96, for a total transaction of $534,446.00. Following the completion of the transaction, the chief executive officer now owns 1,448,378 shares in the company, valued at approximately $21,667,734.88. This represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of Extreme Networks stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total value of $165,300.00. Following the completion of the sale, the director now directly owns 228,733 shares of the company’s stock, valued at approximately $3,780,956.49. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,175 shares of company stock worth $1,763,279 in the last ninety days. Company insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Extreme Networks

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in shares of Extreme Networks in the third quarter valued at approximately $26,000. GAMMA Investing LLC raised its holdings in Extreme Networks by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock valued at $30,000 after acquiring an additional 1,035 shares during the period. Acadian Asset Management LLC bought a new stake in Extreme Networks during the 1st quarter valued at $27,000. KBC Group NV lifted its position in shares of Extreme Networks by 54.3% during the third quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock worth $75,000 after acquiring an additional 1,745 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Extreme Networks by 1,635.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock worth $67,000 after acquiring an additional 4,709 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.