Insider Buying: Charles W. Berger Acquires 10,000 Shares of Extreme Networks Stock (EXTR)
Extreme Networks (NASDAQ:EXTR) CEO Charles W. Berger acquired 10,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 29th. The stock was purchased at an average price of $5.33 per share, for a total transaction of $53,300.00. Following the transaction, the chief executive officer now directly owns 280,000 shares of the company’s stock, valued at approximately $1,492,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Extreme Networks (NASDAQ:EXTR) traded down 1.13% on Tuesday, hitting $5.27. The stock had a trading volume of 1,329,457 shares. Extreme Networks has a 52 week low of $3.53 and a 52 week high of $8.14. The stock has a 50-day moving average of $4.89 and a 200-day moving average of $4.99. The company’s market cap is $509.7 million.
Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Thursday, August 14th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ 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.
A number of research firms have recently commented on EXTR. Analysts at Zacks upgraded shares of Extreme Networks from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 20th. 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 investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $6.80.
Extreme Networks, Inc together with its subsidiaries, is a provider of network infrastructure equipment and services for enterprises, data centers, and service providers.
Receive News & Ratings for Extreme Networks Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extreme Networks Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.