Extreme Networks (NASDAQ:EXTR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Extreme Networks (NASDAQ:EXTR) from a hold rating to a buy rating in a research report released on Thursday.

A number of other brokerages have also commented on EXTR. Craig Hallum boosted their price objective on Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a report on Thursday, October 31st. B. Riley increased their price objective on shares of Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $21.00 target price on shares of Extreme Networks in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.00.

Extreme Networks Price Performance

EXTR stock opened at $17.72 on Thursday. The company’s 50-day moving average is $16.20 and its 200-day moving average is $14.66. The stock has a market capitalization of $2.34 billion, a PE ratio of -18.27, a price-to-earnings-growth ratio of 3.87 and a beta of 1.76. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. Extreme Networks has a 1 year low of $10.49 and a 1 year high of $19.24.

Insider Buying and Selling at Extreme Networks

In other news, Director Charles Carinalli sold 5,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.70, for a total value of $83,500.00. Following the transaction, the director now owns 366,793 shares of the company’s stock, valued at approximately $6,125,443.10. This represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $14.75, for a total value of $526,943.75. Following the sale, the chief executive officer now directly owns 1,448,378 shares of the company’s stock, valued at $21,363,575.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,450 shares of company stock valued at $1,390,490 in the last 90 days. 3.70% of the stock is currently owned by company insiders.

Institutional Trading of Extreme Networks

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP bought a new stake in shares of Extreme Networks during the 3rd quarter worth $26,000. GAMMA Investing LLC lifted its position in Extreme Networks by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock worth $30,000 after buying an additional 1,035 shares during the last quarter. KBC Group NV boosted its stake in Extreme Networks by 54.3% in the third quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock worth $75,000 after buying an additional 1,745 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Extreme Networks by 1,635.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock valued at $67,000 after purchasing an additional 4,709 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in shares of Extreme Networks during the 2nd quarter valued at $148,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

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.