Extreme Networks Inc. [EXTR] shares are down more than -18.99% this year and recently increased 0.06% or $0.34 to settle at $5.80. Analysts expect EXTR to grow earnings at a 20.00% annual rate over the next 5 years. EXTR has a short ratio of 5.05. This implies that the market is currently less bullish on the outlook for EXTR.

On 17, November 2020, Extreme Networks and Deutsche Telekom Launch a New Cloud-Driven LAN Service to Improve Network Capability and Flexibility. According to news published on Yahoo Finance, Telekom Selects ExtremeCloud IQ to provide customers with industry-leading monitoring, management, and data insights to fuel digital transformation efforts.

Analyst Birdseye View:

The most recent analyst activity for Extreme Networks Inc. [NASDAQ:EXTR] stock was on April 14, 2020, when it was Initiated with a Neutral rating from JP Morgan. Before that, on July 15, 2020, B. Riley FBR Recapitulated a Buy rating and elevated its amount target to $7.50. On July 29, 2019, Lake Street Initiated a Buy rating and boosted its price target on this stock to $9. On August 09, 2018, Needham Downgrade a Hold rating. On February 07, 2018, Needham Reiterated a Buy rating and increased its price target to $15.50. On February 07, 2018, DA Davidson Reiterated a Buy rating and boosted its amount target on this stock to $17. On January 03, 2018, JMP Securities Initiated a Mkt outperform rating and boosted its target amount on this stock to $16. On August 15, 2017, Needham Reiterated a Buy rating and improved its amount target to $13.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.43 and a peak of $8.00. Right now, according to Wall Street analyst the average 12-month amount target is $6.75. At the most recent market close, shares of Extreme Networks Inc. [NASDAQ:EXTR] were valued at $5.80. According to the average price forecast, investors can expect a potential return of -15.0%.

FUNDAMENTAL ANALYSIS

Extreme Networks Inc. [NASDAQ:EXTR] most recently reported quarterly sales of 235.8 billion, which represented growth of -7.70%. This publicly-traded organization’s revenue is $366,880 per employee, while its income is -$49,089 per employee. This company’s Gross Margin is currently 55.50%, its Operating Margin is -7.20%, its Pretax Margin is -12.71, and its Net Margin is -13.38. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -14.61, -209.00, -10.93 and -34.47 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 98.89 and the whole liability to whole assets at 49.08. It shows enduring liability to the whole principal at 91.54 and enduring liability to assets at 0.45 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 5.27 points at 1st support level, the second support level is making up to 5.08. But as of 1st resistance point, this stock is sitting at 5.62 and at 5.78 for 2nd resistance point.

Extreme Networks Inc. [EXTR] reported its earnings at $0.09 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.06/share signifying the difference of 0.03 and 50.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.03 calling estimates for -$0.03/share with the difference of 0.06 depicting the surprise of 200.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Extreme Networks Inc. [NASDAQ:EXTR] is 0.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.49. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.55 and it’s amount to book ratio is 96.90.

Insider Stories

The most recent insider trade was by Khanna Raj, Director, and it was the purchase of 10000.0 shares on Nov 06. MEYERCORD EDWARD, the PRESIDENT AND CEO, completed a sale of 50000.0 shares on Aug 31. On Jun 09, Khanna Raj, Director, completed a purchase of 20000.0 shares.