Extreme Networks Inc. Reaches New 12-Month High at $7.43 (EXTR)
Extreme Networks (NASDAQ:EXTR) set a new 52-week high on Thursday, Stock Ratings News reports. The company traded as high as $7.43 and last traded at $7.27, with a volume of 1,120,749 shares. The stock had previously closed at $7.17.
A number of research firms have recently commented on EXTR. Analysts at Needham & Company initiated coverage on shares of Extreme Networks in a research note to investors on Tuesday, November 26th. They set a “buy” rating and a $9.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Wedbush raised their price target on shares of Extreme Networks from $6.00 to $7.00 in a research note to investors on Tuesday, November 5th. They now have an “outperform” rating on the stock. Finally, 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.
Extreme Networks has a 1-year low of $2.99 and a 1-year high of $7.25. The stock has a 50-day moving average of $6.87 and a 200-day moving average of $5.14. The company’s market cap is $692.5 million.
Extreme Networks (NASDAQ:EXTR) last released its earnings data on Monday, November 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $75.90 million for the quarter, compared to the consensus estimate of $74.17 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. Analysts expect that Extreme Networks will post $0.42 EPS for the current fiscal year.
Extreme Networks, Inc is a United States-based company that provides local area network (NASDAQ:EXTR) switching solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.