Extreme Networks General Counsel Sells $25,200 in Stock (EXTR)
Extreme Networks (NASDAQ:EXTR) General Counsel Allison Amadia sold 4,800 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $5.25, for a total transaction of $25,200.00. Following the transaction, the general counsel now directly owns 58,937 shares in the company, valued at approximately $309,419. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on EXTR shares. Analysts at Zacks upgraded shares of Extreme Networks from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $5.80 price target on the stock. Separately, 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. Finally, 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 research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $6.80.
Extreme Networks (NASDAQ:EXTR) traded up 0.19% during mid-day trading on Wednesday, hitting $5.25. The stock had a trading volume of 967,061 shares. Extreme Networks has a one year low of $3.53 and a one year high of $8.14. The stock has a 50-day moving average of $4.6 and a 200-day moving average of $5.03. The company’s market cap is $507.7 million.
Extreme Networks (NASDAQ:EXTR) last released its earnings data on Thursday, August 14th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.02. The company had revenue of $155.30 million for the quarter, compared to the consensus estimate of $154.52 million. On average, analysts predict that Extreme Networks will post $0.41 earnings per share for the current fiscal year.
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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