Extreme Networks, Inc. (EXTR) to Release Quarterly Earnings on Tuesday
Extreme Networks, Inc. (NASDAQ:EXTR) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Extreme Networks has set its Q1 guidance at $0.11-0.17 EPS.
Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Monday, August 14th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Extreme Networks had a negative net margin of 1.42% and a positive return on equity of 41.17%. The firm had revenue of $178.70 million for the quarter, compared to analysts’ expectations of $171.96 million. During the same period in the prior year, the firm earned $0.10 EPS. Extreme Networks’s revenue for the quarter was up 28.0% compared to the same quarter last year. On average, analysts expect Extreme Networks to post $0.51 EPS for the current fiscal year and $0.71 EPS for the next fiscal year.
Shares of Extreme Networks, Inc. (EXTR) traded up 0.7817% during trading on Tuesday, reaching $12.0938. 382,697 shares of the company’s stock traded hands. The company has a 50 day moving average price of $11.85 and a 200-day moving average price of $10.10. The stock’s market cap is $1.37 billion. Extreme Networks, Inc. has a one year low of $4.05 and a one year high of $13.20.
A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered Extreme Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub upgraded Extreme Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Needham & Company LLC increased their target price on Extreme Networks from $12.50 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $11.67.
In other Extreme Networks news, Director Kathleen M. Holmgren bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were purchased at an average price of $11.49 per share, for a total transaction of $57,450.00. Following the transaction, the director now directly owns 36,662 shares of the company’s stock, valued at approximately $421,246.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward Meyercord sold 100,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $10.52, for a total value of $1,052,000.00. Following the transaction, the insider now owns 471,653 shares in the company, valued at approximately $4,961,789.56. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Extreme Networks Company Profile
Extreme Networks, Inc is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthcare, service provider and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis. The Company operates through the development and marketing of network infrastructure equipment segment.
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