EPS for Extreme Networks, Inc. (EXTR) Expected At $-0.02

October 13, 2018 - By Adrian Erickson

Extreme Networks, Inc. (NASDAQ:EXTR) LogoInvestors sentiment decreased to 1.17 in Q2 2018. Its down 0.18, from 1.35 in 2018Q1. It worsened, as 30 investors sold Extreme Networks, Inc. shares while 57 reduced holdings. 38 funds opened positions while 64 raised stakes. 93.27 million shares or 3.99% less from 97.14 million shares in 2018Q1 were reported.
Tudor Invest Corporation Et Al stated it has 34,063 shares or 0.01% of all its holdings. Balyasny Asset Management Limited Liability Com has invested 0% in Extreme Networks, Inc. (NASDAQ:EXTR). Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR). The New York-based Citigroup has invested 0% in Extreme Networks, Inc. (NASDAQ:EXTR). 100,000 were reported by Nj State Employees Deferred Compensation Plan. Ameritas Inv Partners reported 13,584 shares stake. 13,600 are owned by Campbell Invest Adviser Limited Co. Pinebridge Lp holds 22,008 shares or 0% of its portfolio. Howe And Rusling Inc has invested 0.02% in Extreme Networks, Inc. (NASDAQ:EXTR). Vanguard Group Inc has 7.45M shares for 0% of their portfolio. Legal And General Grp Pcl has 228,826 shares. Teacher Retirement Of Texas has invested 0% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR). Jump Trading stated it has 16,300 shares or 0.01% of all its holdings. Moreover, Voya Invest Ltd Co has 0% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 46,964 shares. Perritt Capital Inc, a Illinois-based fund reported 12,000 shares.

Since May 10, 2018, it had 6 insider buys, and 0 insider sales for $1.35 million activity. On Thursday, May 24 the insider Khanna Raj bought $89,598. Shares for $44,000 were bought by HOLMGREN KATHLEEN M. Shoemaker John C bought $168,000 worth of stock. The insider MEYERCORD EDWARD bought 20,000 shares worth $168,400.

Analysts expect Extreme Networks, Inc. (NASDAQ:EXTR) to report $-0.02 EPS on November, 6.They anticipate $0.14 EPS change or 116.67 % from last quarter’s $0.12 EPS. After having $0.15 EPS previously, Extreme Networks, Inc.’s analysts see -113.33 % EPS growth. The stock increased 5.39% or $0.26 during the last trading session, reaching $5.08. About 1.55 million shares traded. Extreme Networks, Inc. (NASDAQ:EXTR) has declined 49.96% since October 14, 2017 and is downtrending. It has underperformed by 65.58% the S&P500.

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

Among 3 analysts covering Extreme Networks (NASDAQ:EXTR), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Extreme Networks had 3 analyst reports since August 8, 2018 according to SRatingsIntel. The rating was downgraded by Cowen & Co to “Market Perform” on Thursday, August 9. The firm has “Market Outperform” rating given on Thursday, August 9 by JMP Securities. The company was downgraded on Wednesday, August 8 by Needham.

Extreme Networks, Inc. provides software-driven networking solutions for enterprise clients worldwide. The company has market cap of $600.66 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.

Another recent and important Extreme Networks, Inc. (NASDAQ:EXTR) news was published by Nasdaq.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Cloud Peak Energy, Ralph Lauren, CytomX …” on October 12, 2018.

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

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