Updates on Most Active Stock: Extreme Networks (EXTR) and IDT Corp (IDT)

Lloyd Doyle
December 7, 2017

Taking a broader look brokerage firms' analysts on the street with an expectant view have Extreme Networks (NASDAQ:EXTR) high price target of $17 and with a conservative view have low price target of $14.85. It is positive, as 70 investors sold AIG shares while 341 reduced holdings. Extreme Networks Inc had 10 analyst reports since August 7, 2015 according to SRatingsIntel.

Extreme Networks (NASDAQ:EXTR) shares traded 1.49% up during most recent session to reach at the closing price of $12.92. Extreme Networks earned a news sentiment score of 0.50 on Alpha One's scale. However the company reported $0.12 earnings per share for the same quarter during previous year. Legal & General Group Plc raised its stake in Extreme Networks by 7.4% in the second quarter.

It is common practice for investors to use the price-to-earnings ratio (P/E ratio or price multiple) to determine if a company's stock price is over or undervalued. The Manufacturers Life Insurance Company raised its stake in Extreme Networks by 4.1% in the second quarter. The Gabelli Funds Llc holds 762,000 shares with $47.64M value, down from 775,000 last quarter. New York State Teachers Retirement System, a New York-based fund reported 1.48 million shares. Parametric Assoc Ltd Limited Liability Company invested in 203,277 shares or 0% of the stock.

Currently Extreme Networks (NASDAQ:EXTR)'s shares owned by insiders are 1.6%, whereas shares owned by institutional owners are 81.9%. 1,192,027 shares of the stock were exchanged, compared to its average volume of 1,571,877.

Stock has a payout ratio of 0.00%. The return on equity (ROE), also known as return on investment (ROI), is the best measure of the return, since it is the product of the operating performance, asset turnover, and debt-equity management of the firm. EPS growth is noticed at 74.60% for this year and anticipated 45.00% growth for next year. Extreme Networks, Inc. (EXTR) is a part of Technology sector and belongs to Networking & Communication Devices industry. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.14 by $0.02. Currently, IDT Corporation net profit margin for the 12 months is at 0.64%. The company has grown sales at a 13.10% annual rate over the past five years, putting it in the high growth category.

Several research analysts have commented on EXTR shares. The rating was upgraded by DA Davidson on Thursday, September 15 to "Buy". Analysts have given a rating of 2.00 on company shares on a consensus basis. Needham & Company LLC reiterated a "buy" rating on shares of Extreme Networks in a research report on Friday, November 10th. ValuEngine downgraded shares of Extreme Networks from a "buy" rating to a "hold" rating in a research report on Friday, December 1st.

Additionally on 9/15/16 Buckingham Research "Maintained" Extreme Networks (NASDAQ:EXTR) to Neutral setting price target at $4.5 and on 2/01/16 Needham "Upgrades" the stock to Buy. The stock now has a consensus rating of "Buy" and a consensus price target of $8.10. The shares were sold at an average price of $13.81, for a total transaction of $138,100.00. The company has a market cap of $1,465.39, a P/E ratio of 30.05, a P/E/G ratio of 1.26 and a beta of 1.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

In other Extreme Networks news, Director Charles Carinalli sold 20,000 shares of Extreme Networks stock in a transaction dated Friday, November 17th. Over the course of a year, the highest point for this stock was at $14.34 while the lowest price during that same timeframe was $4.25. The disclosure for this sale can be found here. For example, an established blue chip company in a mature industry with stable earnings will most likely have a much lower beta compared to a start up Biotechnology Company. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & global trademark and copyright laws.

Analyst research firms are expressing bullish stance on Extreme Networks, Inc.

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