Extreme Networks (EXTR) Receives a Rating Update from a Top Analyst
B. Riley Securities analyst Dave Kang maintained a Buy rating on Extreme Networks yesterday and set a price target of $26.00. The company’s shares closed yesterday at $15.02.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Kang covers the Technology sector, focusing on stocks such as Viavi Solutions, AXT, and Extreme Networks. According to TipRanks, Kang has an average return of 29.2% and a 65.09% success rate on recommended stocks.
In addition to B. Riley Securities, Extreme Networks also received a Buy from Lake Street’s Eric Martinuzzi in a report issued today. However, yesterday, TipRanks – OpenAI reiterated a Hold rating on Extreme Networks (NASDAQ: EXTR).
Based on Extreme Networks’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $317.93 million and a net profit of $7.88 million. In comparison, last year the company earned a revenue of $279.36 million and had a net profit of $7.38 million
Read More on EXTR:
