Extreme Networks Inc. (NASDAQ: EXTR) is -13.15% lower on its value in year-to-date trading and has touched a low of $10.49 and a high of $25.51 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 $15.58 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $15.32, the stock is 3.93% and 7.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.96 million and changing -1.67% at the moment leaves the stock 13.96% off its SMA200. EXTR registered -36.80% loss for a year compared to 6-month gain of 31.50%.
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The stock witnessed a 2.20% loss in the last 1 month and extending the period to 3 months gives it a 21.11%, and is 3.16% 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 3.43% over the week and 3.88% over the month.
Extreme Networks Inc. (EXTR) has around 2656 employees, a market worth around $2.00B and $1.12B in sales. Fwd P/E is 15.23. Profit margin for the company is -7.69%. Distance from 52-week low is 45.97% and -39.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.09%).
The EPS is expected to grow by 24.48% this year.
Extreme Networks Inc. (EXTR) Top Institutional Holders
361.0 institutions hold shares in Extreme Networks Inc. (EXTR), with institutional investors hold 99.04% of the company’s shares. The shares outstanding are 130.28M, and float is at 126.41M with Short Float at 6.13%. Institutions hold 96.23% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 18.0 million shares valued at $242.08 million. The investor’s holdings represent 13.9198% of the EXTR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 16.41 million shares valued at $220.75 million to account for 12.6933 of the shares outstanding. The other top investors are PARADIGM CAPITAL MANAGEMENT INC/NY which holds 5.32 million shares representing 4.1183% and valued at over $71.62 million, while RUBRIC CAPITAL MANAGEMENT LP holds 4.064 of the shares totaling 5.25 million with a market value of $70.68 million.
Extreme Networks Inc. (EXTR) Insider Activity
The most recent transaction is an insider sale by MEYERCORD EDWARD, the company’s PRESIDENT AND CEO. SEC filings show that MEYERCORD EDWARD sold 35,725 shares of the company’s common stock on Sep 03 ’24 at a price of $15.02 per share for a total of $0.54 million. Following the sale, the insider now owns 1.45 million shares.
Still, SEC filings show that on Aug 16 ’24, MEYERCORD EDWARD (PRESIDENT AND CEO) disposed off 30,000 shares at an average price of $14.64 for $0.44 million. The insider now directly holds 1,448,378 shares of Extreme Networks Inc. (EXTR).
