Extreme Networks General Counsel Unloads $25,200 in Stock (EXTR)
Extreme Networks (NASDAQ:EXTR) General Counsel Allison Amadia sold 4,800 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $5.25, for a total value of $25,200.00. Following the completion of the transaction, the general counsel now directly owns 58,937 shares of the company’s stock, valued at approximately $309,419. The transaction was disclosed in a document filed with the SEC, which is available at this link.
EXTR has been the subject of a number of recent research reports. 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 given a buy rating to the company’s stock. Extreme Networks currently has an average rating of “Buy” and an average target price of $6.80.
Shares of Extreme Networks (NASDAQ:EXTR) traded up 1.53% during mid-day trading on Friday, hitting $5.31. The stock had a trading volume of 130,041 shares. 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 $4.74 and its 200-day moving average is $5.0. The company’s market cap is $513.5 million.
Extreme Networks (NASDAQ:EXTR) last announced its 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. 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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