Extreme Networks Lifted to “Outperform” at Zacks (EXTR)
Extreme Networks (NASDAQ:EXTR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday. The firm currently has a $5.80 price objective on the stock. Zacks‘s target price would suggest a potential upside of 10.69% from the company’s current price.
A number of other analysts have also recently weighed in on EXTR. 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 research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Extreme Networks presently has a consensus rating of “Buy” and a consensus price target of $6.80.
Extreme Networks (NASDAQ:EXTR) traded up 0.19% on Wednesday, hitting $5.2501. 778,793 shares of the company’s stock traded hands. Extreme Networks has a 52-week low of $3.53 and a 52-week high of $8.14. The stock’s 50-day moving average is $4.6 and its 200-day moving average is $5.03. The company’s market cap is $507.7 million.
Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Extreme Networks will post $0.41 EPS for the current fiscal year.
In other Extreme Networks news, General Counsel Allison Amadia sold 4,800 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $5.25, for a total transaction of $25,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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