Media stories about Extreme Networks (NASDAQ:EXTR) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Extreme Networks earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.9633068528588 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Extreme Networks, Inc. (NASDAQ:EXTR) Sees Significantly Lower Trading Volume – Modern Readers (modernreaders.com)
- Enterprise WLAN Market Report – Analysis, Technologies & Forecasts 2025 (sbwire.com)
- 70 Percent of Global Education Customers See Value in Deploying Video Cameras in the Classroom (finance.yahoo.com)
- Extreme Networks, Inc (EXTR) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Pick Up This Bargain Even Cheaper Than Director Holmgren Did (marketnewsvideo.com)
Extreme Networks (EXTR) traded up 5.06% during midday trading on Monday, reaching $11.84. 1,753,502 shares of the company’s stock traded hands. The stock’s market cap is $1.31 billion. Extreme Networks has a one year low of $3.75 and a one year high of $11.88. The stock’s 50 day moving average price is $10.04 and its 200-day moving average price is $8.75.
Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Monday, August 14th. The technology company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. Extreme Networks had a negative net margin of 1.42% and a positive return on equity of 43.34%. The company had revenue of $178.70 million for the quarter, compared to analysts’ expectations of $171.96 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. Equities analysts predict that Extreme Networks will post $0.70 earnings per share for the current year.
Several brokerages recently issued reports on EXTR. ValuEngine raised shares of Extreme Networks from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Friday, August 18th. BidaskClub upgraded shares of Extreme Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Needham & Company LLC lifted their target price on shares of Extreme Networks from $12.50 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Extreme Networks has an average rating of “Buy” and a consensus price target of $9.10.
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In other Extreme Networks news, Director Kathleen M. Holmgren purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was bought at an average cost of $11.49 per share, for a total transaction of $57,450.00. Following the completion of the purchase, the director now owns 36,662 shares in the company, valued at approximately $421,246.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Meyercord sold 65,000 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $10.10, for a total value of $656,500.00. Following the completion of the sale, the insider now owns 563,034 shares of the company’s stock, valued at $5,686,643.40. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.
About Extreme Networks
Extreme Networks, Inc is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthcare, service provider and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis. The Company operates through the development and marketing of network infrastructure equipment segment.
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