Extreme Networks Inc (EXTR) is Upgraded by DA Davidson to Buy, Price Target at $5

Extreme Networks Inc (EXTR) was Upgraded by DA Davidson to ” Buy” and the brokerage firm has set the Price Target at $5. Earlier the firm had a rating of “Neutral ” on the company shares. DA Davidson advised their investors in a research report released on Sep 15, 2016.

Many Wall Street Analysts have commented on Extreme Networks Inc. 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 .Company shares were Reiterated by Needham on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 4.30 from a previous price target of $3.75 .

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 opened for trading at $3.85 and hit $4.05 on the upside on Wednesday, eventually ending the session at $4.01, with a gain of 6.93% or 0.26 points. The heightened volatility saw the trading volume jump to 777,391 shares. Company has a market cap of $427 M.

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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