Stock Mover of the Day: Is Extreme Networks, Inc a Buy? The Stock Rises Again

Stock Mover of the Day: Is Extreme Networks, Inc a Buy? The Stock Rises Again

The stock of Extreme Networks, Inc (NASDAQ:EXTR) is a huge mover today! The stock increased 3.95% or $0.16 during the last trading session, hitting $4.21. About 592,553 shares traded hands. Extreme Networks, Inc (NASDAQ:EXTR) has risen 28.98% since March 29, 2016 and is uptrending. It has outperformed by 25.51% the S&P500.
The move comes after 8 months positive chart setup for the $435.55 million company. It was reported on Oct, 31 by Barchart.com. We have $6.32 PT which if reached, will make NASDAQ:EXTR worth $217.78M more.

Analysts await Extreme Networks, Inc (NASDAQ:EXTR) to report earnings on November, 3. They expect $0.02 EPS, 0.00% or $0.00 from last year’s $0.02 per share. EXTR’s profit will be $2.07M for 52.63 P/E if the $0.02 EPS becomes a reality. After $0.07 actual EPS 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 stock of Extreme Networks, Inc (NASDAQ:EXTR) has “Buy” rating given on Thursday, September 10 by Wunderlich. The stock of Extreme Networks, Inc (NASDAQ:EXTR) has “Buy” rating given on Monday, September 19 by Needham. The firm earned “Buy” rating on Thursday, September 15 by Wunderlich. The stock of Extreme Networks, Inc (NASDAQ:EXTR) has “Buy” rating given on Thursday, September 15 by DA Davidson. The firm earned “Hold” rating on Friday, August 14 by Zacks.

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 improved, 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.
Teachers Inc last reported 164,887 shares in the company. Strs Ohio last reported 0% of its portfolio in the stock. Barclays Public Ltd Liability Corporation owns 417,844 shares or 0% of their US portfolio. Hotchkis & Wiley Capital Mngmt Lc reported 6.51 million shares or 0.09% of all its holdings. Guggenheim Capital Ltd Llc, a Illinois-based fund reported 59,413 shares. Alliancebernstein L P has 0.01% invested in the company for 3.78 million shares. Art Advsr Ltd Co holds 0.01% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR) for 60,749 shares. Allianz Asset Management Ag accumulated 10,135 shares or 0% of the stock. Blackrock Inv Management Ltd Co owns 397,853 shares or 0% of their US portfolio. Springowl Associate Ltd Liability reported 335,519 shares or 8.06% of all its holdings. Cubist Systematic Strategies Ltd Llc last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has 2,784 shares for 0% of their US portfolio. Manufacturers Life Insurance The owns 74,792 shares or 0% of their US portfolio. Kcg Holdings holds 0% or 21,212 shares in its portfolio. Blackrock Gru Ltd has 38,518 shares for 0% of their US portfolio.

Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 4 insider sales for $321,723 net activity. 25,000 shares were sold by MEYERCORD EDWARD, worth $103,085 on Monday, October 24. Another trade for 15,000 shares valued at $60,000 was sold by KISPERT JOHN H. Shoemaker John C also sold $63,750 worth of Extreme Networks, Inc (NASDAQ:EXTR) on Thursday, September 15.

More notable recent Extreme Networks, Inc (NASDAQ:EXTR) news were published by: Prnewswire.com which released: “Extreme Networks Completes Acquisition of the Wireless LAN Business from Zebra …” on October 31, 2016, also Seekingalpha.com with their article: “Extreme Networks: Showing A Pulse” published on October 26, 2016, Fool.com published: “Why Extreme Networks, Inc Shares Crashed on Thursday” on January 28, 2016. More interesting news about Extreme Networks, Inc (NASDAQ:EXTR) were released by: Prnewswire.com and their article: “Extreme Networks Introduces Customized Application Fingerprint to Address the …” published on July 25, 2016 as well as Prnewswire.com‘s news article titled: “Extreme Networks Advances Extreme Partner Network (EPN) to Focus on Partner …” with publication date: July 12, 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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