At the time of writing, Extreme Networks Inc. [EXTR] stock is trading at $11.71, up 1.04%. An important factor to consider is whether the stock is rising or falling in short-term value. The EXTR shares have gain 1.74% over the last week, with a monthly amount drifted -1.10%, and not seem to be holding up well over a long-time horizon.
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On 11, March 2024, Extreme Networks a Leader in 2024 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure. In a post published today on Yahoo Finance, Recognized as Leader for sixth consecutive time for ability to execute and completeness of vision.
From an analyst’s perspective:
Extreme Networks Inc. [NASDAQ: EXTR] stock has seen the most recent analyst activity on February 01, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $14 from $22. Previously, Rosenblatt downgraded its rating to Neutral on February 01, 2024, and dropped its price target to $15. On November 01, 2023, downgrade downgraded it’s rating to Perform. Lake Street downgraded its rating to a Hold. UBS initiated its recommendation with a Buy and recommended $30 as its price target on September 22, 2023. B. Riley Securities downgraded its rating to Neutral for this stock on August 03, 2023, and upped its price target to $30. In a note dated June 28, 2023, Oppenheimer initiated an Outperform rating and provided a target price of $35 on this stock.
For the past year, the stock price of Extreme Networks Inc. fluctuated between $11.12 and $32.73. Currently, Wall Street analysts expect the stock to reach $29 within the next 12 months. Extreme Networks Inc. [NASDAQ: EXTR] shares were valued at $11.71 at the most recent close of the market. An investor can expect a potential return of 147.65% based on the average EXTR price forecast.
Analyzing the EXTR fundamentals
According to Extreme Networks Inc. [NASDAQ:EXTR], the company’s sales were 1.35B for trailing twelve months, which represents an -6.90% plunge. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.73 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.54 points at the first support level, and at 11.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.82, and for the 2nd resistance point, it is at 11.94.
Extreme Networks Inc. [EXTR] reported earnings per share of $0.24 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.25/share, meaning a difference of -$0.01 and a surprise factor of -4.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.35 per share as compared to estimates of $0.32 per share, a difference of $0.03 representing a surprise of 9.40%.
Ratios To Look Out For
It is important to note that Extreme Networks Inc. [NASDAQ:EXTR] has a current ratio of 1.02. On the other hand, the Quick Ratio is 0.74, and the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 13.92 and price to earnings (TTM) ratio is 19.42.
Transactions by insiders
Recent insider trading involved MEYERCORD EDWARD, PRESIDENT AND CEO, that happened on Feb 01 ’24 when 28443.0 shares were sold. PRESIDENT AND CEO, MEYERCORD EDWARD completed a deal on Dec 01 ’23 to sell 28443.0 shares. Meanwhile, PRESIDENT AND CEO MEYERCORD EDWARD sold 28443.0 shares on Nov 07 ’23.
