Extreme Networks, Inc. (NASDAQ:EXTR) Traded Above Its 50 Day Average

Henrietta Strickland
October 12, 2017

The firm's market cap is $1.39 billion. The stock increased 0.04% or $0.01 during the last trading session, reaching $27.45.

About 183,824 shares traded. American Water Works Company Inc (NYSE:AWK) has risen 3.35% since October 12, 2016 and is uptrending. It has underperformed by 7.24% the S&P500.

Paradigm Capital Management Inc decreased Extreme Networks (EXTR) stake by 2.93% reported in 2017Q2 SEC filing. 19,200 are held by Ellington Management Gp Limited Company. Bnp Paribas Arbitrage Sa, a New York-based fund reported 856,934 shares. The market capitalization of the company is at $1.41 Billion. The stock declined 0.19% or $0.02 reaching $10.36 on the news. It has outperformed by 140.98% the S&P500. The stock of Extreme Networks, Inc (NASDAQ:EXTR) has "Buy" rating given on Thursday, September 15 by Wunderlich. Therefore 100% are positive. DA Davidson upgraded Extreme Networks, Inc (NASDAQ:EXTR) on Thursday, September 15 to "Buy" rating. Needham maintained the shares of EXTR in report on Friday, June 2 with "Buy" rating. About shares traded. Extreme Networks, Inc (NASDAQ:EXTR) has risen 157.68% since October 12, 2016 and is uptrending. The firm earned "Buy" rating on Thursday, September 10 by Wunderlich. It also increased its holding in Radnet Inc (NASDAQ:RDNT) by 46,000 shares in the quarter, for a total of 67,300 shares, and has risen its stake in Welbilt Inc.

Based on the latest notes released to investors, 1 analyst has issued a rating of "buy", 2 analysts "outperform", 1 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". (NASDAQ:EXTR) was down -0.79% during the last trading session, with a day high of 12.76. BidaskClub raised shares of Extreme Networks from a "sell" rating to a "hold" rating in a report on Wednesday, August 16th. Bridgeway Cap Mgmt has invested 0.03% in Extreme Networks, Inc (NASDAQ:EXTR). Ratan Cap Management LP accumulated 1.20 million shares. Squarepoint Ops LLC divested its ownership by selling 63,519 shares a decrease of 63.6% in the quarter. Hanseatic Mgmt Inc stated it has 0% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR).

Let's have a look at some of the important valuation ratios of the Extreme Networks, Inc. Credit Suisse Ag stated it has 124,555 shares or 0% of all its holdings. Jacobs Levy Equity Mngmt reported 598,536 shares. Quadrature Capital Ltd controls 64,228 shares valued at $592,000. 998 were accumulated by Point72 Asia (Hong Kong).

Extreme Networks, Inc., launched on January 7, 1999, is a provider of network infrastructure equipment. Voya Inv Limited Liability reported 51,883 shares. Holmgren now owns $421,246 of the stock according to the SEC filing. The firm has "Hold" rating by Zacks given on Friday, August 14. During the same quarter a year ago, the company earned $0.10 EPS. SOHO's profit would be $3.31M giving it 6.33 P/E if the $0.24 EPS is correct.

The company has mean EPS estimate of 0.13 reported by 2 number of analyst for the quarter ending Current Qtr.(Sep2017). More interesting news about Extreme Networks, Inc (NASDAQ:EXTR) were released by: Prnewswire.com and their article: "Extreme Networks to Acquire Data Center Business Directly from Brocade ..." published on October 03, 2017 as well as Nasdaq.com's news article titled: "Extreme Networks To Buy Data Center Business From Brocade Communications" with publication date: October 03, 2017. Springowl Associates Llc sold 68,400 shares as Extreme Networks Inc (EXTR)'s stock rose 43.62%.

Since May 31, 2017, it had 0 buys, and 1 insider sale for $1.29 million activity.

Analysts await Extreme Networks, Inc (NASDAQ:EXTR) to report earnings on November, 7. They expect $1.09 EPS, up 3.81% or $0.04 from last year's $1.05 per share. EXTR's profit will be $11.32M for 30.70 P/E if the $0.10 EPS becomes a reality. After having $0.32 EPS previously, Sotherly Hotels Inc's analysts see -25.00% EPS growth.

More recent American Water Works Company Inc (NYSE:AWK) news were published by: Businesswire.com which released: "American Water Announces Publication of Latest Corporate Responsibility Report" on October 05, 2017. Also Prnewswire.com published the news titled: "Technical Research on Oil & Gas Equities - Rice Energy, Sanchez Energy, SM ..." on October 11, 2017.

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