Extreme Networks (EXTR) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Extreme Networks (NASDAQ:EXTR) announced its earnings results on Monday. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.02, Stock Ratings Network reports. The company had revenue of $75.90 million for the quarter, compared to the consensus estimate of $74.17 million.
A number of research firms have recently commented on EXTR. Analysts at DA Davidson initiated coverage on shares of Extreme Networks in a research note to investors on Tuesday, October 15th. They set a “buy” rating and a $7.50 price target on the stock. Analysts at Wedbush upgraded shares of Extreme Networks from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, September 17th. They now have a $6.00 price target on the stock, up previously from $4.00.
Extreme Networks (NASDAQ:EXTR) opened at 5.375 on Monday. Extreme Networks has a 1-year low of $2.99 and a 1-year high of $6.00. The stock has a 50-day moving average of $5.24 and a 200-day moving average of $4.04. The company has a market cap of $506.6 million and a P/E ratio of 53.75.
Extreme Networks, Inc is a United States-based company that provides local area network (NASDAQ:EXTR) switching solutions.
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