Millennium Management LLC Trims Holdings in Extreme Networks (EXTR)

Millennium Management LLC lowered its position in Extreme Networks (NASDAQ:EXTR) by 92.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,003 shares of the technology company’s stock after selling 2,517,797 shares during the quarter. Millennium Management LLC owned approximately 0.19% of Extreme Networks worth $2,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXTR. New York State Common Retirement Fund lifted its stake in Extreme Networks by 71.8% in the third quarter. New York State Common Retirement Fund now owns 272,697 shares of the technology company’s stock valued at $3,242,000 after buying an additional 113,980 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Extreme Networks in the third quarter valued at approximately $116,000. Wells Fargo & Company MN lifted its stake in Extreme Networks by 35.0% in the third quarter. Wells Fargo & Company MN now owns 479,037 shares of the technology company’s stock valued at $5,696,000 after buying an additional 124,178 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Extreme Networks by 0.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 775,569 shares of the technology company’s stock valued at $9,222,000 after buying an additional 6,626 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in Extreme Networks by 74.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,327 shares of the technology company’s stock valued at $230,000 after buying an additional 8,219 shares during the last quarter. Institutional investors own 79.18% of the company’s stock.

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Extreme Networks stock opened at $10.70 on Wednesday. Extreme Networks has a 12 month low of $7.47 and a 12 month high of $15.55. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 0.89. The company has a market cap of $1,252.96, a PE ratio of 31.47, a P/E/G ratio of 1.23 and a beta of 1.60.



Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Extreme Networks had a positive return on equity of 44.24% and a negative net margin of 2.72%. The business had revenue of $231.12 million during the quarter, compared to analysts’ expectations of $241.49 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The company’s quarterly revenue was up 47.8% compared to the same quarter last year. sell-side analysts anticipate that Extreme Networks will post 0.52 EPS for the current fiscal year.

A number of brokerages have weighed in on EXTR. Zacks Investment Research upgraded Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, April 3rd. BidaskClub upgraded Extreme Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Cowen reiterated a “buy” rating and issued a $18.00 price objective on shares of Extreme Networks in a research note on Wednesday, February 7th. Finally, DA Davidson boosted their price objective on Extreme Networks from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $15.92.

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Extreme Networks Company Profile

Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. 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.

Institutional Ownership by Quarter for Extreme Networks (NASDAQ:EXTR)

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