Broker Outlook For The Week Ahead Extreme Networks, Inc. (NASDAQ:EXTR)
- Author: Zachary Reyes Jun 06, 2017,
Jun 06, 2017, 15:26
Several large investors have recently bought and sold shares of EXTR. 28 funds opened positions while 50 raised stakes.
Extreme Networks (NASDAQ:EXTR) opened at 9.99 on Friday. Arbiter Ptnrs Cap Management Ltd Liability Corporation owns 3.68 million shares.
Extreme Networks, Inc (NASDAQ:EXTR)'s share price reached a new 52-week high on Thursday following a better than expected earnings announcement. RK Capital Management LLC now owns 3,608,869 shares of the technology company's stock valued at $27,103,000 after buying an additional 2,245,634 shares in the last quarter. Clarivest Asset Lc stated it has 939,192 shares. Spark Inv Limited Com has 0.1% invested in Extreme Networks, Inc (NASDAQ:EXTR) for 231,100 shares. Da Davidson & has invested 0.01% in Extreme Networks, Inc (NASDAQ:EXTR). MEYERCORD EDWARD sold $325,009 worth of Extreme Networks, Inc (NASDAQ:EXTR) on Tuesday, December 13. Bank of America Corp DE now owns 18,318 shares of the technology company's stock worth $138,000 after buying an additional 4,118 shares in the last quarter.
Among 4 analysts covering Ionis Pharmaceuticals Inc (NASDAQ:IONS), 3 have Buy rating, 0 Sell and 1 Hold. Metropolitan Life Insur Co New York holds 0% or 68,021 shares. Allianz Asset Management AG raised its position in shares of Extreme Networks by 142.7% in the fourth quarter. Arbiter Partners Capital Management Llc owns 3.68 million shares or 3.1% of their United States portfolio.
Since December 13, 2016, it had 0 insider purchases, and 2 selling transactions for $400,009 activity. 65,000 shares were sold by MEYERCORD EDWARD, worth $325,009 on Tuesday, December 13. KISPERT JOHN H sold $75,000 worth of stock. Needham & Company LLC restated a "buy" rating and issued a $12.50 price objective (up from $9.50) on shares of Extreme Networks in a report on Friday. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Extreme Networks has a 52-week low of $3.07 and a 52-week high of $10.63. The stock has a 50 day moving average price of $8.55 and a 200 day moving average price of $6.38.
10/31/2015 - Extreme Networks, Inc. had its " rating reiterated by analysts at Craig-Hallum. The company was maintained on Thursday, September 15 by Wunderlich. The rating was maintained by DA Davidson with "Buy" on Thursday, March 30. The legal version of this story can be viewed at https://sportsperspectives.com/2017/06/02/extreme-networks-inc-extr-earns-buy-rating-from-needham-company-llc.html. The stock rose 0.79% or $1.69 reaching $215.
5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Extreme Networks, Inc. It has outperformed by 140.98% the S&P500.
Wall Street await Extreme Networks, Inc (NASDAQ:EXTR) to release earnings on August, 2. The technology company reported $0.08 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.05 by $0.03. During the same quarter a year ago, the company earned $0.03 earnings per share. After posting $0.08 EPS for the previous quarter, Extreme Networks, Inc's analysts now forecast 12.50 % EPS growth.
The assets of Avaya's networking business unit will therefore be sold to Extreme for approximately $100 million, in accordance with the terms and conditions of the asset purchase agreement entered into March 7, 2017. Extreme expects the Avaya and Brocade deals will help it to push the company's revenues to over $1 billion for fiscal year 2018 which begins July 1 and take on the competition from Cisco.