Extreme Networks, Inc (NASDAQ:EXTR) Director John C. Shoemaker Buys 25,000 Shares

Extreme Networks, Inc (NASDAQ:EXTR) Director John C. Shoemaker purchased 25,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $6.08 per share, with a total value of $152,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

EXTR stock opened at $6.50 on Friday. Extreme Networks, Inc has a 52 week low of $5.37 and a 52 week high of $8.59. The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 8.00. The company has a fifty day simple moving average of $7.04 and a two-hundred day simple moving average of $7.14. The firm has a market capitalization of $725.28 million, a P/E ratio of -9.15 and a beta of 1.63.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Extreme Networks had a positive return on equity of 6.55% and a negative net margin of 8.31%. The company had revenue of $267.50 million for the quarter, compared to analysts’ expectations of $273.18 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Extreme Networks, Inc will post 0.15 EPS for the current year.

Several brokerages have recently commented on EXTR. Zacks Investment Research downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a research report on Thursday, January 30th. ValuEngine upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Finally, BidaskClub downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Friday, January 31st.

A number of hedge funds have recently bought and sold shares of EXTR. FMR LLC boosted its stake in shares of Extreme Networks by 34.8% during the 4th quarter. FMR LLC now owns 5,377,425 shares of the technology company’s stock worth $39,632,000 after purchasing an additional 1,387,988 shares during the period. Millennium Management LLC raised its position in Extreme Networks by 233.3% in the 3rd quarter. Millennium Management LLC now owns 1,847,478 shares of the technology company’s stock worth $13,440,000 after purchasing an additional 1,293,253 shares during the period. Schroder Investment Management Group lifted its stake in Extreme Networks by 47.3% in the fourth quarter. Schroder Investment Management Group now owns 1,948,445 shares of the technology company’s stock worth $14,360,000 after purchasing an additional 625,668 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Extreme Networks by 1,527.2% during the fourth quarter. Bank of Montreal Can now owns 645,734 shares of the technology company’s stock valued at $4,759,000 after buying an additional 606,050 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Extreme Networks by 8.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,652,231 shares of the technology company’s stock valued at $34,287,000 after buying an additional 374,983 shares during the period. Institutional investors and hedge funds own 81.02% of the company’s stock.

About Extreme Networks

Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.

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