Bowling Portfolio Management LLC Takes $873,000 Position in Extreme Networks, Inc (NASDAQ:EXTR)

Share on StockTwits

Bowling Portfolio Management LLC purchased a new stake in Extreme Networks, Inc (NASDAQ:EXTR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 118,517 shares of the technology company’s stock, valued at approximately $873,000. Bowling Portfolio Management LLC owned approximately 0.10% of Extreme Networks at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Westwood Holdings Group Inc. acquired a new stake in shares of Extreme Networks in the 2nd quarter valued at approximately $65,000. Atria Investments LLC acquired a new stake in shares of Extreme Networks in the 2nd quarter valued at approximately $154,000. Ellington Management Group LLC boosted its stake in shares of Extreme Networks by 7.5% in the 2nd quarter. Ellington Management Group LLC now owns 33,100 shares of the technology company’s stock valued at $214,000 after purchasing an additional 2,300 shares in the last quarter. Paloma Partners Management Co boosted its stake in shares of Extreme Networks by 16.5% in the 2nd quarter. Paloma Partners Management Co now owns 33,402 shares of the technology company’s stock valued at $217,000 after purchasing an additional 4,727 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its stake in shares of Extreme Networks by 7.3% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 36,946 shares of the technology company’s stock valued at $269,000 after purchasing an additional 2,509 shares in the last quarter. Institutional investors own 80.99% of the company’s stock.

EXTR opened at $7.92 on Friday. The company’s 50 day moving average is $7.24 and its 200-day moving average is $7.15. Extreme Networks, Inc has a 1-year low of $5.37 and a 1-year high of $8.59. The company has a current ratio of 1.06, a quick ratio of 0.86 and a debt-to-equity ratio of 4.42. The company has a market cap of $962.81 million, a P/E ratio of 79.20 and a beta of 1.67.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, October 30th. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Extreme Networks had a negative net margin of 5.39% and a positive return on equity of 10.49%. The business had revenue of $255.51 million for the quarter, compared to the consensus estimate of $253.26 million. During the same period last year, the company earned $0.08 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that Extreme Networks, Inc will post 0.36 EPS for the current year.

EXTR has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Extreme Networks from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Zacks Investment Research downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Friday. Finally, BidaskClub upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Extreme Networks has a consensus rating of “Buy” and a consensus price target of $8.75.

Extreme Networks Profile

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.

See Also: Cost of Goods Sold (COGS)

Institutional Ownership by Quarter for Extreme Networks (NASDAQ:EXTR)

Receive News & Ratings for Extreme Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extreme Networks and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Hasbro, Inc.  Expected to Earn Q1 2020 Earnings of $0.01 Per Share
Hasbro, Inc. Expected to Earn Q1 2020 Earnings of $0.01 Per Share
Halozyme Therapeutics, Inc.  to Post Q1 2020 Earnings of  Per Share, Piper Sandler Forecasts
Halozyme Therapeutics, Inc. to Post Q1 2020 Earnings of Per Share, Piper Sandler Forecasts
Q1 2020 EPS Estimates for Helios Technologies  Boosted by William Blair
Q1 2020 EPS Estimates for Helios Technologies Boosted by William Blair
Aergo Price Down 15.4% This Week
Aergo Price Down 15.4% This Week
Skychain  Market Capitalization Achieves $662,118.00
Skychain Market Capitalization Achieves $662,118.00
EveriToken  Trading Down 27.4% Over Last Week
EveriToken Trading Down 27.4% Over Last Week


 
© 2006-2020 Zolmax.