Extreme Networks (NASDAQ:EXTR) Upgraded at Craig Hallum

Craig Hallum upgraded shares of Extreme Networks (NASDAQ:EXTRFree Report) from a hold rating to a buy rating in a report published on Thursday, MarketBeat reports. Craig Hallum currently has $14.00 price target on the technology company’s stock, up from their previous price target of $13.00.

EXTR has been the subject of several other research reports. StockNews.com cut Extreme Networks from a buy rating to a hold rating in a research note on Thursday, February 1st. TheStreet lowered shares of Extreme Networks from a b- rating to a c+ rating in a research report on Tuesday, February 20th. B. Riley upped their price target on shares of Extreme Networks from $14.00 to $15.00 and gave the company a buy rating in a research report on Thursday, May 2nd. Rosenblatt Securities upgraded shares of Extreme Networks from a neutral rating to a buy rating and lifted their price objective for the company from $15.00 to $17.00 in a research note on Thursday, May 2nd. Finally, UBS Group lowered Extreme Networks from a buy rating to a neutral rating and lowered their price target for the stock from $22.00 to $14.00 in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $20.64.

View Our Latest Report on Extreme Networks

Extreme Networks Price Performance

Shares of NASDAQ EXTR opened at $11.67 on Thursday. Extreme Networks has a 12-month low of $10.49 and a 12-month high of $32.73. 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’s fifty day simple moving average is $11.26 and its 200-day simple moving average is $14.10.

Institutional Trading of Extreme Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Extreme Networks by 17.0% during the 3rd quarter. Vanguard Group Inc. now owns 12,895,107 shares of the technology company’s stock worth $312,191,000 after purchasing an additional 1,877,727 shares during the last quarter. Raymond James & Associates boosted its position in Extreme Networks by 4.1% during the fourth quarter. Raymond James & Associates now owns 540,028 shares of the technology company’s stock worth $9,526,000 after acquiring an additional 21,203 shares during the last quarter. Pacer Advisors Inc. grew its stake in Extreme Networks by 167,176.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,409,102 shares of the technology company’s stock worth $60,137,000 after acquiring an additional 3,407,064 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new position in Extreme Networks in the 4th quarter valued at $1,613,000. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Extreme Networks during the 3rd quarter worth $31,284,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

About Extreme Networks

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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.

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Analyst Recommendations for Extreme Networks (NASDAQ:EXTR)

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