Extreme Networks (EXTR) Projected to Post Earnings on Wednesday

Extreme Networks (NASDAQ:EXTR) is expected to announce its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $278,050.00 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Extreme Networks Stock Down 4.4 %

Shares of NASDAQ:EXTR opened at $16.25 on Tuesday. The stock has a 50-day simple moving average of $17.14 and a 200-day simple moving average of $15.56. The stock has a market capitalization of $2.15 billion, a P/E ratio of -16.75, a PEG ratio of 3.76 and a beta of 1.75. Extreme Networks has a 1 year low of $10.49 and a 1 year high of $19.24. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EXTR shares. Rosenblatt Securities reiterated a “buy” rating and set a $21.00 price objective on shares of Extreme Networks in a research note on Wednesday, November 6th. StockNews.com raised shares of Extreme Networks from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Craig Hallum raised their price objective on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, B. Riley boosted their price objective on Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Insider Activity at Extreme Networks

In other Extreme Networks news, Director Raj Khanna sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total value of $165,300.00. Following the transaction, the director now directly owns 228,733 shares of the company’s stock, valued at $3,780,956.49. This represents a 4.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles Carinalli sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $16.06, for a total value of $80,300.00. Following the transaction, the director now owns 371,793 shares of the company’s stock, valued at approximately $5,970,995.58. This trade represents a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,725 shares of company stock valued at $863,546. Corporate insiders own 3.70% of the company’s stock.

About Extreme Networks

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.