A Director at Extreme Networks (EXTR) is Buying Shares


Today, a Director at Extreme Networks (NASDAQ: EXTR), John Shoemaker, bought shares of EXTR for $168K.

Following this transaction John Shoemaker’s holding in the company was increased by 6.31% to a total of $2.81 million. In addition to John Shoemaker, one other EXTR executive reported Buy trades in the last month.

See today’s analyst top recommended stocks >>

Based on Extreme Networks’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $262 million and GAAP net loss of $13.61 million. In comparison, last year the company earned revenue of $149 million and had a GAAP net loss of $5.6 million. Currently, Extreme Networks has an average volume of 3.47M. The Company has a Price to Book ratio of 8.5591.

Nine different firms, including Buckingham and Cowen & Co., currently also have a Buy rating on the stock. Starting in February 2018, EXTR received 4 Buy ratings in a row.

The insider sentiment on Extreme Networks has been positive according to 28 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Extreme Networks, Inc. engages in the development and sale of network infrastructure equipment. The firm offers related services contracts for extended warranty and maintenance to its enterprise, data center, and metropolitan telecommunications service provider customers.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts