The stock of Extreme Networks, Inc (NASDAQ:EXTR) is a huge mover today! About 245,623 shares traded hands. Extreme Networks, Inc (NASDAQ:EXTR) has risen 45.54% since March 11, 2016 and is uptrending. It has outperformed by 40.09% the S&P500.
The move comes after 5 months negative chart setup for the $441.65M company. It was reported on Oct, 14 by Barchart.com. We have $3.75 PT which if reached, will make NASDAQ:EXTR worth $44.17M less.
Analysts await Extreme Networks, Inc (NASDAQ:EXTR) to report earnings on November, 3. They expect $0.02 earnings per share, 0.00% or $0.00 from last year’s $0.02 per share. EXTR’s profit will be $2.11 million for 52.25 P/E if the $0.02 EPS becomes a reality. After $0.07 actual earnings per share reported by Extreme Networks, Inc for the previous quarter, Wall Street now forecasts -71.43% negative EPS growth.
Extreme Networks, Inc (NASDAQ:EXTR) Ratings Coverage
Out of 4 analysts covering Extreme Networks Inc (NASDAQ:EXTR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Extreme Networks Inc has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Wunderlich with “Buy” on Thursday, September 15. The firm earned “Hold” rating on Friday, August 14 by Zacks. The rating was upgraded by Wunderlich to “Buy” on Thursday, September 10. The rating was maintained by Needham with “Buy” on Monday, September 19. As per Thursday, September 15, the company rating was upgraded by DA Davidson.
According to Zacks Investment Research, “Extreme Networks, Inc. is a leading provider of a next generation of switching solutions that meet the increasing needs of enterprise local area networks internet service providers and content providers. The key advantages of its Layer 3 switching solutions are increased performance, the ability to easily grow in size as customer needs change, flexible allocation of network resources, ease of use and lower cost of ownership. These advantages are obtained through the use of custom semiconductors, known as ASICs, in its products and through hardware and software designs.”
Insitutional Activity: The institutional sentiment increased to 1.15 in Q2 2016. Its up 0.26, from 0.89 in 2016Q1. The ratio is positive, as 10 funds sold all Extreme Networks, Inc shares owned while 44 reduced positions. 15 funds bought stakes while 47 increased positions. They now own 83.51 million shares or 2.18% more from 81.73 million shares in 2016Q1.
Blackrock Fund Advisors accumulated 0% or 2.68M shares. Springowl Assocs Limited Liability, a New York-based fund reported 335,519 shares. Highbridge Cap Llc, a New York-based fund reported 97,632 shares. Kennedy Capital Mngmt has invested 0.04% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR). Barclays Public Limited has invested 0% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR). Walleye Trading Lc last reported 0% of its portfolio in the stock. Kcg Inc has 21,212 shares for 0% of their US portfolio. Renaissance Lc accumulated 4.65 million shares or 0.03% of the stock. Oxford Asset Mngmt has invested 0.06% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR). Tiaa Cref Management Ltd Co accumulated 854,734 shares or 0% of the stock. Wellington Mngmt Gp Ltd Liability Partnership last reported 0% of its portfolio in the stock. Dimensional Fund Advisors Lp holds 0% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR) for 2.05M shares. Da Davidson & last reported 0.01% of its portfolio in the stock. Citigroup Inc accumulated 11,099 shares or 0% of the stock. Strs Ohio accumulated 183,800 shares or 0% of the stock.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 3 insider sales for $218,638 net activity. On Thursday, September 15 Shoemaker John C sold $63,750 worth of the stock or 15,000 shares. Another trade for 25,000 shares valued at $94,888 was sold by KISPERT JOHN H.
More notable recent Extreme Networks, Inc (NASDAQ:EXTR) news were published by: Prnewswire.com which released: “Extreme Networks Reports Fourth Quarter and Fiscal Year 2016 Financial Results” on August 03, 2016, also Prnewswire.com with their article: “Extreme Networks Introduces Customized Application Fingerprint to Address the …” published on July 25, 2016, Prnewswire.com published: “Extreme Networks Recognized as a Visionary in the 2016 Gartner Wired and …” on September 01, 2016. More interesting news about Extreme Networks, Inc (NASDAQ:EXTR) were released by: Prnewswire.com and their article: “Extreme Networks Advances Extreme Partner Network (EPN) to Focus on Partner …” published on July 12, 2016 as well as Prnewswire.com‘s news article titled: “Extreme Networks and Schneider Electric Expand Relationship to Strengthen …” with publication date: August 10, 2016.
EXTR Company Profile
Extreme Networks, Inc., incorporated on January 7, 1999, is a well-known provider of network infrastructure equipment. The Firm focuses on corporate enterprises and metropolitan service providers on a global basis. The Firm operates through the development and marketing of network infrastructure equipment segment. The Company’s products include ExtremeWireless, ExtremeSwitching, ExtremeControl, ExtremeManagement, ExtremeCloud, ExtremeAnalytics and ExtremeSecurity. The Firm operates in geographical areas, including Americas, which includes the United States, Canada, Mexico, Central America and South America; EMEA, which includes Europe, Russia, Middle East and Africa, and APAC, which includes Asia Pacific, South Asia, India, Australia and Japan. The Firm conducts its sales and marketing activities through distributors, resellers and its field sales organization across the world.
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