Extreme Networks, Inc. (NASDAQ:EXTR) CFO Remi Thomas Sells 25,000 Shares of Stock

Extreme Networks, Inc. (NASDAQ:EXTR) CFO Remi Thomas sold 25,000 shares of Extreme Networks stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $12.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief financial officer now owns 42,167 shares of the company’s stock, valued at approximately $506,004. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Remi Thomas also recently made the following trade(s):

  • On Monday, April 26th, Remi Thomas sold 25,000 shares of Extreme Networks stock. The stock was sold at an average price of $10.00, for a total transaction of $250,000.00.
  • On Monday, April 12th, Remi Thomas sold 25,000 shares of Extreme Networks stock. The stock was sold at an average price of $9.30, for a total transaction of $232,500.00.

Shares of NASDAQ EXTR opened at $11.34 on Tuesday. The firm has a market cap of $1.40 billion, a PE ratio of -13.83 and a beta of 2.13. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 33.85. Extreme Networks, Inc. has a 1-year low of $2.74 and a 1-year high of $12.06. The company has a fifty day moving average price of $9.48 and a 200 day moving average price of $7.64.

Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Wednesday, April 28th. The technology company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. The firm had revenue of $253.40 million during the quarter, compared to analyst estimates of $244.72 million. Extreme Networks had a negative net margin of 10.55% and a negative return on equity of 114.29%. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) EPS. Equities research analysts forecast that Extreme Networks, Inc. will post 0.08 EPS for the current year.

Several analysts have commented on the stock. B. Riley upped their target price on shares of Extreme Networks from $12.50 to $14.00 and gave the company a “buy” rating in a research report on Thursday, April 29th. Zacks Investment Research upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Monday. Lake Street Capital boosted their price target on shares of Extreme Networks from $8.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, February 24th. Finally, TheStreet raised shares of Extreme Networks from a “d” rating to a “c-” rating in a report on Wednesday, February 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Extreme Networks presently has an average rating of “Buy” and a consensus price target of $11.25.

Several institutional investors have recently bought and sold shares of EXTR. FMR LLC boosted its stake in shares of Extreme Networks by 7.6% during the 1st quarter. FMR LLC now owns 3,623,714 shares of the technology company’s stock worth $27,142,000 after buying an additional 255,096 shares during the last quarter. Kovack Advisors Inc. acquired a new position in shares of Extreme Networks during the 4th quarter worth about $1,683,000. Mirador Capital Partners LP boosted its stake in shares of Extreme Networks by 21.9% during the 4th quarter. Mirador Capital Partners LP now owns 532,942 shares of the technology company’s stock worth $3,672,000 after buying an additional 95,759 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its stake in shares of Extreme Networks by 0.3% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 7,295,900 shares of the technology company’s stock worth $50,268,000 after buying an additional 20,000 shares during the last quarter. Finally, Golden Green Inc. acquired a new position in shares of Extreme Networks during the 4th quarter worth about $177,000. Institutional investors own 78.88% of the company’s stock.

Extreme Networks Company Profile

Extreme Networks, Inc provides software-driven networking solutions for enterprise, data center, and service provider customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops software for network management, policy, analytics, security, and access controls.

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Insider Buying and Selling by Quarter for Extreme Networks (NASDAQ:EXTR)

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