Extreme Networks (EXTR) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $6 and the lowest price target forecast is $4. The average forecast of all the analysts is $4.56 and the expected standard deviation is $0.67.
Extreme Networks (EXTR) : 6 analysts are covering Extreme Networks (EXTR) and their average rating on the stock is 2.17, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Extreme Networks (EXTR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Extreme Networks (NASDAQ:EXTR): The stock opened at $3.93 on Thursday but the bulls could not build on the opening and the stock topped out at $3.98 for the day. The stock traded down to $3.86 during the day, due to lack of any buying support eventually closed down at $3.89 with a loss of -1.02% for the day. The stock had closed at $3.93 on the previous day. The total traded volume was 329,164 shares.
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 Companys customers include businesses, hospitals, hotels, universities, sports venues, telecommunications companies and government agencies around the world.