$0.13 EPS Expected for Extreme Networks, Inc. (EXTR)

July 14, 2018 - By Megan Stone

Extreme Networks, Inc. (NASDAQ:EXTR) LogoInvestors sentiment decreased to 1.35 in 2018 Q1. Its down 0.11, from 1.46 in 2017Q4. It worsened, as 30 investors sold Extreme Networks, Inc. shares while 51 reduced holdings. 44 funds opened positions while 65 raised stakes. 97.14 million shares or 8.91% more from 89.19 million shares in 2017Q4 were reported.
Tci Wealth Advsrs holds 51 shares or 0% of its portfolio. Profund Advsr Llc accumulated 22,918 shares or 0.01% of the stock. 209,445 are owned by Chicago Equity Partners Limited Co. 17,973 are owned by Stone Ridge Asset Ltd Liability. Principal has invested 0.01% in Extreme Networks, Inc. (NASDAQ:EXTR). Sg Americas Securities Limited Liability Corp invested in 0% or 45,466 shares. Quantbot Technology Ltd Partnership holds 0.03% or 33,001 shares in its portfolio. Ameritas Investment Inc invested in 0.01% or 13,584 shares. 150,675 are held by Guggenheim Cap Limited Liability. American Grp accumulated 0% or 73,033 shares. Stifel Corporation has 0.05% invested in Extreme Networks, Inc. (NASDAQ:EXTR). Prudential accumulated 0.01% or 316,002 shares. Boston Ltd Liability holds 307,311 shares or 0.09% of its portfolio. 1.92M are owned by Bancorp Of Mellon. Point72 Asset Mgmt L P holds 0.03% or 626,600 shares in its portfolio.

Since May 10, 2018, it had 6 buys, and 0 insider sales for $1.35 million activity. 5,000 shares were bought by HOLMGREN KATHLEEN M, worth $44,000 on Thursday, May 10. Khanna Raj had bought 10,000 shares worth $89,598 on Thursday, May 24. Shoemaker John C also bought $168,000 worth of Extreme Networks, Inc. (NASDAQ:EXTR) on Friday, May 11. Another trade for 20,000 shares valued at $168,400 was bought by MEYERCORD EDWARD.

Analysts expect Extreme Networks, Inc. (NASDAQ:EXTR) to report $0.13 EPS on August, 13.They anticipate $0.01 EPS change or 7.14 % from last quarter’s $0.14 EPS. EXTR’s profit would be $15.07M giving it 16.35 P/E if the $0.13 EPS is correct. After having $0.10 EPS previously, Extreme Networks, Inc.’s analysts see 30.00 % EPS growth. The stock decreased 1.85% or $0.16 during the last trading session, reaching $8.5. About 1.59M shares traded. Extreme Networks, Inc. (NASDAQ:EXTR) has declined 5.57% since July 14, 2017 and is downtrending. It has underperformed by 18.14% the S&P500.

Extreme Networks, Inc. (NASDAQ:EXTR) Ratings Coverage

Among 3 analysts covering Extreme Networks (NASDAQ:EXTR), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Extreme Networks had 3 analyst reports since February 6, 2018 according to SRatingsIntel. As per Wednesday, February 7, the company rating was maintained by Needham. The firm has “Buy” rating by DA Davidson given on Wednesday, February 7. The firm earned “Buy” rating on Tuesday, February 6 by Cowen & Co.

Extreme Networks, Inc. provides software-driven networking solutions for enterprise clients worldwide. The company has market cap of $985.09 million. The firm designs, develops, and makes wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. It currently has negative earnings. It offers edge/access Ethernet switching systems that delivers Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.

Extreme Networks, Inc. (NASDAQ:EXTR) Institutional Positions Chart

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