Extreme Networks Inc. (NASDAQ: EXTR) is -22.34% lower on its value in year-to-date trading and has touched a low of $10.49 and a high of $32.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EXTR stock was last observed hovering at around $13.60 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $13.70, the stock is 2.98% and 12.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 0.74% at the moment leaves the stock -5.83% off its SMA200. EXTR registered -50.16% loss for a year compared to 6-month loss of -18.36%.
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The stock witnessed a 10.66% gain in the last 1 month and extending the period to 3 months gives it a 24.89%, and is 0.37% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.40% over the week and 3.37% over the month.
Extreme Networks Inc. (EXTR) has around 2849 employees, a market worth around $1.78B and $1.22B in sales. Fwd P/E is 18.51. Profit margin for the company is -0.52%. Distance from 52-week low is 30.54% and -58.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.20%).
with sales reaching $253.21M over the same period.The EPS is expected to shrink by -51.56% this year, but quarterly earnings will post -15.10% year-over-year. Quarterly sales are estimated to shrink -30.40% in year-over-year returns.
Extreme Networks Inc. (EXTR) Top Institutional Holders
The shares outstanding are 127.78M, and float is at 126.38M with Short Float at 8.09%.
Extreme Networks Inc. (EXTR) Insider Activity
The most recent transaction is an insider sale by MEYERCORD EDWARD,the company’sPRESIDENT AND CEO. SEC filings show that MEYERCORD EDWARD sold 50,000 shares of the company’s common stock on May 09 ’24 at a price of $10.63 per share for a total of $0.53 million. Following the sale, the insider now owns 1.12 million shares.
Extreme Networks Inc. disclosed in a document filed with the SEC on Feb 01 ’24 that MEYERCORD EDWARD (PRESIDENT AND CEO) sold a total of 28,443 shares of the company’s common stock. The trade occurred on Feb 01 ’24 and was made at $13.24 per share for $0.38 million. Following the transaction, the insider now directly holds 1.13 million shares of the EXTR stock.
Still, SEC filings show that on Dec 01 ’23, MEYERCORD EDWARD (PRESIDENT AND CEO) disposed off 28,443 shares at an average price of $16.32 for $0.46 million. The insider now directly holds 1,129,611 shares of Extreme Networks Inc. (EXTR).
