Advisor Group Inc. Acquires New Stake in Extreme Networks, Inc (EXTR)

Mae Love
December 7, 2017

Extreme Networks (NASDAQ:EXTR) has a Return on Assets (ROA) of 0.5. For this relative risk measurement, EXTR has beta value of 1.12. It is positive, as 70 investors sold AIG shares while 341 reduced holdings. Amalgamated Bank lifted its stake in Extreme Networks by 10.9% in the second quarter. The stock decreased 1.55% or $0.2 during the last trading session, reaching $12.72. With that said, researchers took a deep dive into the hotly debated question: is it too late to buy Extreme Networks, Inc.

Shares of IDT Corp (NYSE:IDT) slipped -18.93% in the past week and plunged -2.7% in the last 4 weeks, historically the stock illustrate that its six months performance stands at -8.83% while its year to date performance is at -32.09%. Legal & General Group Plc raised its stake in Extreme Networks by 7.4% in the second quarter. EXTR's financial leverage ratio is 3.41, which indicates that the company's asset base is primarily funded by debt. The Manufacturers Life Insurance Company raised its stake in Extreme Networks by 4.1% in the second quarter. New York State Common Retirement Fund grew its holdings in shares of Extreme Networks by 71.8% in the third quarter.

Extreme Networks, Inc. (NASDAQ:EXTR) ended its day at $12.92 with the rising stream of 1.49% and its total traded volume was 1.52 million shares less than the average volume. The PEG ratio shows us that, when compare to the beer company, the always-popular tech company doesn't have the growth rate to justify its higher P/E, and its stock price appears overvalued. The company now has a Return on Equity (ROE) of 2.2 and a Return on Investment (ROI) of -2.3. The firm has a market cap of $1,443.84, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.24 and a beta of 1.14.

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According to analysts Extreme Networks (NASDAQ:EXTR)'s minimum EPS for the current quarter is at $0.1 and can go high up to $0.13. The technology company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Extreme Networks had a net margin of 0.34% and a return on equity of 46.58%. The company had revenue of $211.72 million for the quarter, compared to analyst estimates of $203.86 million. During the same period in the previous year, the firm posted $0.07 earnings per share. equities research analysts anticipate that Extreme Networks will post 0.6 earnings per share for the current fiscal year.

Extreme Networks, Inc. (EXTR) price traded at a gap of 2.62% from an average price of last twenty days and stands at a distance of 5.85% away from it's an average price of recent fifty days. The rating was upgraded by DA Davidson on Thursday, September 15 to "Buy". Needham & Company LLC upped their price target on shares of Extreme Networks from $12.50 to $13.00 and gave the company a "buy" rating in a report on Tuesday, August 15th. Zacks Investment Research cut shares of Extreme Networks from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 17th. Needham & Company LLC reiterated a "buy" rating and issued a $7.00 price target (up previously from $6.25) on shares of Extreme Networks in a research report on Wednesday, March 8th. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). This simple numeric scale reads 1 to 5, and it changes brokerage firm Moderate Sell recommendations into an average broker rating. Also, Director Raj Khanna sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $13.81, for a total transaction of $138,100.00. The company has market cap of $1.48 billion. The sale was disclosed in a filing with the SEC, which is available at this link. The recent price momentum makes it one stock to watch in recent days. The disclosure for this sale can be found here. The company posted an earnings surprise of 14.3%. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & global trademark and copyright laws.

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