Extreme Networks (EXTR) Scheduled to Post Earnings on Wednesday

Extreme Networks (NASDAQ:EXTR - Get Free Report) will be announcing its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last released its earnings results on Wednesday, August 7th. The technology company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.21). Extreme Networks had a negative net margin of 7.69% and a negative return on equity of 24.51%. The firm had revenue of $256.65 million during the quarter, compared to the consensus estimate of $253.21 million. During the same period in the prior year, the company earned $0.24 EPS. The firm's revenue was down 29.5% compared to the same quarter last year. On average, analysts expect Extreme Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Extreme Networks Price Performance

NASDAQ EXTR traded up $0.09 on Wednesday, reaching $14.71. 560,560 shares of the company's stock traded hands, compared to its average volume of 1,874,362. The stock has a market cap of $1.91 billion, a PE ratio of -208.86, a P/E/G ratio of 3.56 and a beta of 1.76. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.90 and a quick ratio of 0.63. Extreme Networks has a 12 month low of $10.49 and a 12 month high of $21.19. The stock has a 50-day simple moving average of $14.89 and a 200 day simple moving average of $13.15.

Analyst Ratings Changes

EXTR has been the topic of a number of analyst reports. Needham & Company LLC restated a "buy" rating and issued a $16.50 price objective on shares of Extreme Networks in a research report on Thursday, August 8th. Craig Hallum boosted their price target on Extreme Networks from $14.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.90.

Insiders Place Their Bets

In other news, CEO Edward Meyercord sold 35,725 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $15.02, for a total value of $536,589.50. Following the completion of the transaction, the chief executive officer now owns 1,448,378 shares in the company, valued at $21,754,637.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.32% of the company's stock.

About Extreme Networks

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation. The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.