Extreme Networks Inc (EXTR) is Reiterated by Needham to Buy, Raises Price Target to $ 4.75

Extreme Networks Inc (EXTR) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 4.75 from a previous price target of $4.30 . Needham advised their investors in a research report released on Sep 19, 2016.

Many Wall Street Analysts have commented on Extreme Networks Inc. Company shares were Reiterated by Needham on Sep 19, 2016 to “Buy”, Firm has raised the Price Target to $ 4.75 from a previous price target of $4.30 .Company shares were Reiterated by Wunderlich on Sep 15, 2016 to “Buy”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .DA Davidson Upgraded Extreme Networks Inc on Sep 15, 2016 to ” Buy”, Price Target of the shares are set at $5.

On the company’s financial health, Extreme Networks Inc reported $0.10 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.10. The company had revenue of $140.00 million for the quarter, compared to analysts expectations of $142.19 million. The company’s revenue was down -7.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.10 EPS.

Extreme Networks Inc closed down -0.14 points or -3.20% at $4.23 with 932,207 shares getting traded on Friday. Post opening the session at $4.37, the shares hit an intraday low of $4.125 and an intraday high of $4.4 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 10, 2016, John H Kispert (director) sold 15,000 shares at $4.00 per share price. According to the SEC, on Jan 29, 2016, Eric Broockman (CTO and EVP Engineering) sold 3,967 shares at $3.61 per share price. On Jan 25, 2016, Kenneth Arola (EVP Chief Financial Officer) sold 5,491 shares at $3.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Extreme Networks Inc. together with its subsidiaries is a provider of wired and wireless network infrastructure equipment software and services for enterprises data centers and service providers. The Company sells its products through an ecosystem of the Company channel partners who combine its Ethernet products with their offerings to create information technology solutions for end user customers. Its product categories include modular Ethernet switching systems stackable Ethernet switching systems high-density wireless fidelity (WiFi) centralized management software network access control (NAC) and bring your own device (BYOD) management application analytics and software-defined networking (SDN). The Company’s customers include businesses hospitals hotels universities sports venues telecommunications companies and government agencies around the world.

Extreme Networks Inc

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