Extreme Networks (EXTR) Set to Announce Quarterly Earnings on Wednesday

Extreme Networks (NASDAQ:EXTR) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Extreme Networks to post earnings of ($0.17) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The firm had revenue of $296.38 million for the quarter, compared to analysts’ expectations of $295.50 million. Extreme Networks had a return on equity of 98.24% and a net margin of 5.96%. On average, analysts expect Extreme Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Extreme Networks Stock Performance

Extreme Networks stock opened at $11.55 on Tuesday. The firm has a 50 day simple moving average of $11.59 and a 200-day simple moving average of $15.01. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 4.14 and a beta of 1.90. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.02 and a quick ratio of 0.74. Extreme Networks has a 1-year low of $10.57 and a 1-year high of $32.73.

Insider Activity at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 28,443 shares of Extreme Networks stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $13.24, for a total value of $376,585.32. Following the completion of the transaction, the chief executive officer now directly owns 1,129,611 shares of the company’s stock, valued at approximately $14,956,049.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. TheStreet cut Extreme Networks from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. Rosenblatt Securities cut Extreme Networks from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $15.00 in a report on Thursday, February 1st. B. Riley upgraded shares of Extreme Networks from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Monday, April 15th. Needham & Company LLC decreased their target price on shares of Extreme Networks from $23.00 to $16.50 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Finally, StockNews.com cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Extreme Networks presently has a consensus rating of “Hold” and an average price target of $22.36.

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.