Worth Watching: Extreme Networks, Inc Has Another Very Weak Trading Session

Worth Watching: Extreme Networks, Inc Has Another Very Weak Trading Session

The stock of Extreme Networks, Inc (NASDAQ:EXTR) is a huge mover today! About 487,673 shares traded hands. Extreme Networks, Inc (NASDAQ:EXTR) has risen 35.76% since April 27, 2016 and is uptrending. It has outperformed by 30.53% the S&P500.
The move comes after 5 months negative chart setup for the $448.63M company. It was reported on Nov, 30 by Barchart.com. We have $3.82 PT which if reached, will make NASDAQ:EXTR worth $40.38M less.

Analysts await Extreme Networks, Inc (NASDAQ:EXTR) to report earnings on January, 26. They expect $0.04 earnings per share, down 20.00% or $0.01 from last year’s $0.05 per share. EXTR’s profit will be $4.27M for 26.25 P/E if the $0.04 EPS becomes a reality. After $0.04 actual earnings per share reported by Extreme Networks, Inc for the previous quarter, Wall Street now forecasts 0.00% 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 firm has “Buy” rating given on Thursday, September 15 by Wunderlich. The company was upgraded on Thursday, September 10 by Wunderlich. The firm has “Hold” rating given on Friday, August 14 by Zacks. The firm earned “Buy” rating on Monday, September 19 by Needham. DA Davidson upgraded the shares of EXTR in a report on Thursday, September 15 to “Buy” rating.

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 1.54 in Q2 2016. Its up 0.39, from 1.15 in 2016Q1. The ratio increased, 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.
American International Gru holds 0% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR) for 59,503 shares. Teton Advisors Inc owns 551,400 shares or 0.17% of their US portfolio. Boothbay Fund Management Ltd Limited Liability Company has 0.45% invested in the company for 276,552 shares. Goldman Sachs Grp Inc Inc holds 0% or 364,325 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 2,784 shares for 0% of their US portfolio. Citadel Advsr Limited Liability Company holds 0% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR) for 187,541 shares. Fmr Llc, a Massachusetts-based fund reported 23,100 shares. State Board Of Administration Of Florida Retirement System last reported 96,134 shares in the company. Moreover, Guggenheim Capital Ltd Llc has 0% invested in Extreme Networks, Inc (NASDAQ:EXTR) for 59,413 shares. Kennedy Capital Management has 0.04% invested in the company for 530,121 shares. Ameritas Prns Inc holds 4,000 shares or 0% of its portfolio. Fuller Thaler Asset Mngmt owns 492,800 shares or 0.03% of their US portfolio. Amalgamated National Bank has 10,919 shares for 0% of their US portfolio. Tfs accumulated 0.02% or 26,695 shares. The Connecticut-based Aqr Capital Management Ltd Liability has invested 0% in Extreme Networks, Inc (NASDAQ:EXTR).

Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 6 selling transactions for $520,682 net activity. KISPERT JOHN H sold $57,835 worth of Extreme Networks, Inc (NASDAQ:EXTR) on Monday, November 14. Shoemaker John C sold $63,750 worth of stock. Shares for $103,085 were sold by MEYERCORD EDWARD on Monday, October 24. 31,536 shares were sold by CARINALLI CHARLES, worth $141,124 on Friday, November 18.

More notable recent Extreme Networks, Inc (NASDAQ:EXTR) news were published by: Prnewswire.com which released: “Extreme Networks Expands Partnership with the New England Patriots to Complete …” on November 07, 2016, also Fool.com with their article: “Why Extreme Networks, Inc Shares Crashed on Thursday” published on January 28, 2016, Prnewswire.com published: “Extreme Networks Introduces Customized Application Fingerprint to Address the …” on July 25, 2016. More interesting news about Extreme Networks, Inc (NASDAQ:EXTR) were released by: Prnewswire.com and their article: “Extreme Networks and Schneider Electric Expand Relationship to Strengthen …” published on August 10, 2016 as well as Prnewswire.com‘s news article titled: “Extreme Networks Honors Manassas Park City Schools for Dedication in …” with publication date: October 17, 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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