Extreme Networks (EXTR) Announces Quarterly Earnings, Beats Estimates By $0.02 EPS
Extreme Networks (NASDAQ:EXTR) posted its quarterly earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02, Analyst Ratings Network.com reports. The company had revenue of $155.30 million for the quarter, compared to the consensus estimate of $154.52 million.
Extreme Networks (NASDAQ:EXTR) traded up 7.21% on Thursday, hitting $5.35. 5,036,127 shares of the company’s stock traded hands. Extreme Networks has a 1-year low of $3.53 and a 1-year high of $8.14. The stock has a 50-day moving average of $4.59 and a 200-day moving average of $5.1. The company’s market cap is $516.2 million.
A number of analysts have recently weighed in on EXTR shares. Analysts at Wunderlich reiterated a “buy” rating on shares of Extreme Networks in a research note on Tuesday, July 22nd. They now have a $9.00 price target on the stock. Analysts at Buckingham Research initiated coverage on shares of Extreme Networks in a research note on Thursday, June 19th. They set a “neutral” rating and a $5.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $7.00.
Extreme Networks, Inc together with its subsidiaries, is a provider of network infrastructure equipment and services for enterprises, data centers, and service providers.
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