In a report released today, Eric Martinuzzi from Lake Street maintained a Hold rating on Extreme Networks (EXTR – Research Report), with a price target of $13.00. The company’s shares closed last Friday at $11.60.
Martinuzzi covers the Technology sector, focusing on stocks such as Par Technology, Quantum, and Asure. According to TipRanks, Martinuzzi has an average return of 1.7% and a 41.06% success rate on recommended stocks.
Currently, the analyst consensus on Extreme Networks is a Moderate Buy with an average price target of $14.58.
Based on Extreme Networks’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $296.38 million and a net profit of $3.99 million. In comparison, last year the company earned a revenue of $318.35 million and had a net profit of $17.93 million
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Extreme Networks (EXTR) Company Description:
Extreme Networks, Inc. engages in providing software driven networking solutions for enterprise, data center, and service provider customers. It designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls. Its products include ExtremeApplications, ExtremeSwicthing, ExtremeRouting and ExtremeMobiliy. The company was founded in May 1996 and is headquartered in San Jose, CA.
