Today it was reported that a Director at Extreme Networks (NASDAQ: EXTR), Edward H. Kennedy, exercised options to buy 15,000 EXTR shares at $3.87 a share, for a total transaction value of $58.05K.
Following this transaction Edward H. Kennedy’s holding in the company was increased by 4.41% to a total of $1.95 million.
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Based on Extreme Networks’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $278 million and GAAP net loss of $5.63 million. In comparison, last year the company earned revenue of $212 million and had a net profit of $4.38 million. Currently, Extreme Networks has an average volume of 1.65M.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $9.75, reflecting a 76.3% upside.
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Extreme Networks, Inc. engages in the development and sale of network infrastructure equipment. It designs and develops wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.
