DA Davidson Upgrades Extreme Networks Inc to Buy

Brokerage firm DA Davidson Upgrades its rating on Extreme Networks Inc(NASDAQ:EXTR). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by DA Davidson was issued on Sep 15, 2016.

Extreme Networks Inc (EXTR) made into the market gainers list on Tuesdays trading session with the shares advancing 0.23% or 0.01 points. Due to strong positive momentum, the stock ended at $4.41, which is also near the day’s high of $4.49. The stock began the session at $4.41 and the volume stood at 8,10,837 shares. The 52-week high of the shares is $4.545 and the 52 week low is $2.32. The company has a current market capitalization of $469 M and it has 10,63,88,401 shares in outstanding.

Extreme Networks Inc(EXTR) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $139.99M. Analysts had an estimated revenue of $141.89M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2016, John H Kispert (director) sold 15,000 shares at $4.00 per share price.Also, On Jan 29, 2016, Eric Broockman (CTO and EVP Engineering) sold 3,967 shares at $3.61 per share price.On Jan 25, 2016, Kenneth Arola (EVP Chief Financial Officer) sold 5,491 shares at $3.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Extreme Networks Inc. together with its subsidiaries is a provider of wired and wireless network infrastructure equipment software and services for enterprises data centers and service providers. The Company sells its products through an ecosystem of the Company channel partners who combine its Ethernet products with their offerings to create information technology solutions for end user customers. Its product categories include modular Ethernet switching systems stackable Ethernet switching systems high-density wireless fidelity (WiFi) centralized management software network access control (NAC) and bring your own device (BYOD) management application analytics and software-defined networking (SDN). The Company’s customers include businesses hospitals hotels universities sports venues telecommunications companies and government agencies around the world.

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