November 23, 2016 - By Richard Conner
The director of Extreme Networks Inc, Charles Carinalli, has just unloaded – 31,536 shares of the firm he’s managing – coming to an aggregate transaction of $141,124 U.S Dollars (this based on share price of $4.5). A report ready for use here shows this insider activity, that was made on November 22, 2016 and was filed with the D.C. based-SEC. The probability of this trade remaining ignored is little, with the director now holding 290,095 shares – that is 0.28% of the total market cap of the Company.
Out of 4 analysts covering Extreme Networks Inc (NASDAQ:EXTR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $6 is the highest target while $3.25 is the lowest. The $4.80 average target is 6.90% above today’s ($4.49) stock price. Extreme Networks Inc has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, September 15 by DA Davidson. On Thursday, September 15 the stock rating was maintained by Wunderlich with “Buy”. Needham maintained Extreme Networks, Inc (NASDAQ:EXTR) on Monday, September 19 with “Buy” rating. The stock of Extreme Networks, Inc (NASDAQ:EXTR) has “Buy” rating given on Thursday, September 10 by Wunderlich. The rating was upgraded by Zacks to “Hold” on Friday, August 14.
Insitutional Activity: The institutional sentiment increased to 1.54 in Q2 2016. Its up 0.39, from 1.15 in 2016Q1. The ratio improved, as 10 funds sold all Extreme Networks, Inc shares owned while 44 reduced positions. 15 funds bought stakes while 47 increased positions. They now own 83.51 million shares or 2.18% more from 81.73 million shares in 2016Q1.
Peak6 Investments Limited Partnership accumulated 0% or 10,828 shares. The Massachusetts-based Fmr Limited Liability Co has invested 0% in Extreme Networks, Inc (NASDAQ:EXTR). Blackrock Fund Advsrs, a California-based fund reported 2.68 million shares. Teton Advsrs holds 0.17% or 551,400 shares in its portfolio. Ameriprise Inc holds 0.01% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR) for 7.03 million shares. Bnp Paribas Arbitrage has invested 0% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR). Sg Americas Limited Liability Company has invested 0% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR). Central Square Ltd Liability Company holds 74,457 shares or 0.36% of its portfolio. Engineers Gate Manager Ltd Partnership last reported 48,505 shares in the company. Dimensional Fund Advsrs Lp has 2.05M shares for 0% of their US portfolio. Aqr Cap Management Ltd Liability has invested 0% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR). State Street holds 0% of its portfolio in Extreme Networks, Inc (NASDAQ:EXTR) for 1.66M shares. Walleye Trading Limited Com has 32,600 shares for 0% of their US portfolio. Paradigm Capital Mgmt Inc New York accumulated 2.89% or 6.99M shares. Menta Capital Ltd Liability has 462,780 shares for 0.22% of their US portfolio.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 5 selling transactions for $379,558 net activity. Shares for $63,750 were sold by Shoemaker John C on Thursday, September 15. KISPERT JOHN H had sold 25,000 shares worth $94,888 on Tuesday, August 2. Another trade for 25,000 shares valued at $103,085 was sold by MEYERCORD EDWARD.
The stock decreased 2.81% or $0.13 during the last trading session, hitting $4.49. About 502,999 shares traded hands. Extreme Networks, Inc (NASDAQ:EXTR) has risen 39.44% since April 21, 2016 and is uptrending. It has outperformed by 34.11% the S&P500.
Extreme Networks, Inc. is a provider of network infrastructure equipment. The company has a market cap of $485.93 million. The Firm markets its products to business, governmental, healthcare, service well-known provider and educational clients with a focus on corporate enterprises and metropolitan service providers on a global basis. It currently has negative earnings. The Firm operates through the development and marketing of network infrastructure equipment segment.
According to Zacks Investment Research, “Extreme Networks, Inc. is a leading provider of a next generation of switching solutions that meet the increasing needs of enterprise local area networks internet service providers and content providers. The key advantages of its Layer 3 switching solutions are increased performance, the ability to easily grow in size as customer needs change, flexible allocation of network resources, ease of use and lower cost of ownership. These advantages are obtained through the use of custom semiconductors, known as ASICs, in its products and through hardware and software designs.”
More notable recent Extreme Networks, Inc (NASDAQ:EXTR) news were published by: Prnewswire.com which released: “Extreme Networks Reports First Quarter Fiscal Year 2017 Financial Results” on November 01, 2016, also Fool.com with their article: “Why Extreme Networks, Inc Shares Crashed on Thursday” published on January 28, 2016, Businesswire.com published: “Jenne, Inc. Awarded with ‘Driving New Revenue Streams Award’ by Extreme ..” on November 15, 2016. More interesting news about Extreme Networks, Inc (NASDAQ:EXTR) were released by: Streetinsider.com and their article: “Form 4 EXTREME NETWORKS INC For: Nov 18 Filed by: Khanna Raj” published on November 22, 2016 as well as Prnewswire.com‘s news article titled: “Extreme Networks Introduces Customized Application Fingerprint to Address the ..” with publication date: July 25, 2016.
Extreme Networks, Inc., incorporated on January 7, 1999, is a well-known provider of network infrastructure equipment. The Firm focuses on corporate enterprises and metropolitan service providers on a global basis. The Firm operates through the development and marketing of network infrastructure equipment segment. The Company’s products include ExtremeWireless, ExtremeSwitching, ExtremeControl, ExtremeManagement, ExtremeCloud, ExtremeAnalytics and ExtremeSecurity. The Firm operates in geographical areas, including Americas, which includes the United States, Canada, Mexico, Central America and South America; EMEA, which includes Europe, Russia, Middle East and Africa, and APAC, which includes Asia Pacific, South Asia, India, Australia and Japan. The Firm conducts its sales and marketing activities through distributors, resellers and its field sales organization across the world.
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