Today, the President & CEO of Extreme Networks (NASDAQ: EXTR), Edward Meyercord, bought shares of EXTR for $168.4K.
Following Edward Meyercord’s last EXTR Buy transaction on August 28, 2015, the stock climbed by 5.8%. Following this transaction Edward Meyercord’s holding in the company was increased by 4.16% to a total of $4.49 million.
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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 2.74M. The Company has a Price to Book ratio of 8.7846.
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.
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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.
