Extreme Networks (NASDAQ:EXTR) Reaches New 1-Year Low at $10.49

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) hit a new 52-week low during trading on Thursday . The company traded as low as $10.49 and last traded at $10.58, with a volume of 3320696 shares traded. The stock had previously closed at $10.81.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EXTR shares. Rosenblatt Securities upgraded Extreme Networks from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $15.00 to $17.00 in a research report on Thursday, May 2nd. Craig Hallum decreased their target price on Extreme Networks from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, May 2nd. StockNews.com lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. TheStreet lowered Extreme Networks from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th. Finally, B. Riley boosted their target price on Extreme Networks from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.50.

Extreme Networks Trading Down 2.1 %

The company has a market cap of $1.37 billion, a P/E ratio of -150.57, a PEG ratio of 3.99 and a beta of 1.88. The company has a current ratio of 0.96, a quick ratio of 0.61 and a debt-to-equity ratio of 2.78. The business has a 50 day moving average price of $11.42 and a 200-day moving average price of $14.52.

Institutional Investors Weigh In On Extreme Networks

Several hedge funds have recently added to or reduced their stakes in EXTR. State Board of Administration of Florida Retirement System increased its position in shares of Extreme Networks by 50.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 54,244 shares of the technology company’s stock worth $626,000 after purchasing an additional 18,206 shares during the period. Entropy Technologies LP acquired a new position in shares of Extreme Networks in the first quarter worth approximately $268,000. ProShare Advisors LLC lifted its stake in shares of Extreme Networks by 7.3% in the first quarter. ProShare Advisors LLC now owns 25,502 shares of the technology company’s stock worth $294,000 after acquiring an additional 1,741 shares during the period. Headlands Technologies LLC increased its holdings in Extreme Networks by 223.5% in the first quarter. Headlands Technologies LLC now owns 16,946 shares of the technology company’s stock worth $196,000 after purchasing an additional 11,707 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Extreme Networks during the first quarter valued at approximately $651,000. Institutional investors and hedge funds own 91.05% 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.