Extreme Networks (NASDAQ:EXTR – Get Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Extreme Networks (NASDAQ:EXTR – Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). Extreme Networks had a net margin of 5.96% and a return on equity of 98.24%. The business had revenue of $296.38 million during the quarter, compared to analysts’ expectations of $295.50 million. On average, analysts expect Extreme Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Extreme Networks Stock Up 3.4 %
Shares of NASDAQ:EXTR opened at $11.09 on Wednesday. The firm has a fifty day moving average price of $11.65 and a two-hundred day moving average price of $15.38. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.02 and a quick ratio of 0.74. Extreme Networks has a one year low of $10.57 and a one year high of $32.73. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 3.91 and a beta of 1.90.
Insider Buying and Selling at Extreme Networks
Analysts Set New Price Targets
Several research analysts have commented on the stock. TheStreet downgraded shares of Extreme Networks from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. Needham & Company LLC lowered their price target on shares of Extreme Networks from $23.00 to $16.50 and set a “buy” rating for the company in a research note on Thursday, February 1st. StockNews.com downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Rosenblatt Securities downgraded shares of Extreme Networks from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $15.00 in a research note on Thursday, February 1st. Finally, UBS Group downgraded shares of Extreme Networks from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $22.00 to $14.00 in a research note on Thursday, February 1st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Extreme Networks currently has an average rating of “Hold” and an average price target of $22.36.
Check Out Our Latest Stock Analysis on EXTR
Extreme Networks Company Profile
Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.
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