Extreme Networks (EXTR) Scheduled to Post Earnings on Tuesday

Extreme Networks (NASDAQ:EXTR) will be posting its quarterly earnings results after the market closes on Tuesday, January 30th. Extreme Networks has set its Q2 guidance at $0.10-0.14 EPS.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $211.72 million during the quarter, compared to analysts’ expectations of $203.86 million. Extreme Networks had a return on equity of 46.58% and a net margin of 0.34%. Extreme Networks’s quarterly revenue was up 72.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. On average, analysts expect Extreme Networks to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Extreme Networks (NASDAQ EXTR) opened at $13.76 on Tuesday. The firm has a market capitalization of $1,565.20, a PE ratio of 688.00, a P/E/G ratio of 1.35 and a beta of 1.14. Extreme Networks has a fifty-two week low of $5.22 and a fifty-two week high of $14.34. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 1.11.

EXTR has been the subject of a number of research analyst reports. ValuEngine cut Extreme Networks from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut Extreme Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Cowen initiated coverage on Extreme Networks in a report on Wednesday, December 20th. They set an “outperform” rating and a $16.00 target price for the company. JMP Securities initiated coverage on Extreme Networks in a report on Wednesday, January 3rd. They set an “outperform” rating and a $16.00 target price for the company. Finally, Craig Hallum reissued a “buy” rating and set a $17.00 target price (up previously from $12.50) on shares of Extreme Networks in a report on Wednesday, November 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $14.17.

In other news, Director Raj Khanna sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $13.81, for a total value of $138,100.00. Following the completion of the sale, the director now directly owns 99,523 shares in the company, valued at $1,374,412.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Carinalli sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $12.91, for a total value of $258,200.00. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

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About Extreme Networks

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.

Earnings History for Extreme Networks (NASDAQ:EXTR)

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