Extreme Networks (NASDAQ:EXTR – Free Report) had its target price increased by B. Riley from $14.00 to $15.00 in a report issued on Thursday, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.
A number of other research analysts have also weighed in on EXTR. TheStreet lowered Extreme Networks from a b- rating to a c+ rating in a report on Tuesday, February 20th. StockNews.com downgraded shares of Extreme Networks from a buy rating to a hold rating in a report on Thursday, February 1st. UBS Group downgraded shares of Extreme Networks from a buy rating to a neutral rating and decreased their price objective for the stock from $22.00 to $14.00 in a report on Thursday, February 1st. Needham & Company LLC reaffirmed a buy rating and issued a $16.50 target price on shares of Extreme Networks in a report on Wednesday. Finally, Rosenblatt Securities raised Extreme Networks from a neutral rating to a buy rating and boosted their price target for the stock from $15.00 to $17.00 in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $20.50.
View Our Latest Stock Analysis on EXTR
Extreme Networks Stock Performance
Extreme Networks (NASDAQ:EXTR – Get Free Report) last released its earnings results on Wednesday, January 31st. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). Extreme Networks had a positive return on equity of 37.36% and a negative net margin of 0.52%. The firm had revenue of $296.38 million during the quarter, compared to analyst estimates of $295.50 million. Sell-side analysts anticipate that Extreme Networks will post 0.17 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its position in Extreme Networks by 167,176.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,409,102 shares of the technology company’s stock worth $60,137,000 after buying an additional 3,407,064 shares during the period. Norges Bank purchased a new stake in Extreme Networks in the fourth quarter valued at approximately $33,267,000. Vanguard Group Inc. increased its position in Extreme Networks by 17.0% during the third quarter. Vanguard Group Inc. now owns 12,895,107 shares of the technology company’s stock worth $312,191,000 after purchasing an additional 1,877,727 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in Extreme Networks during the third quarter worth approximately $38,999,000. Finally, Fred Alger Management LLC acquired a new position in shares of Extreme Networks in the 3rd quarter valued at $33,920,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.
About Extreme Networks
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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