Extreme Networks Inc (NASDAQ: EXTR) is -11.22% lower on its value in year-to-date trading and has touched a low of $10.49 and a high of $18.77 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 $15.43 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $15.66, the stock is 0.07% and 2.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing 1.49% at the moment leaves the stock 18.96% off its SMA200. EXTR registered -3.75% loss for a year compared to 6-month gain of 41.59%. The firm has a 50-day simple moving average (SMA 50) of $15.2426 and a 200-day simple moving average (SMA200) of $13.1468.
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The stock witnessed a 6.46% loss in the last 1 month and extending the period to 3 months gives it a 4.33%, and is -2.73% down 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 3.05% over the week and 3.76% over the month.
Extreme Networks Inc (EXTR) has around 2656 employees, a market worth around $2.07B and $1.03B in sales. Fwd P/E is 15.76. Profit margin for the company is -12.11%. Distance from 52-week low is 49.21% and -16.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.61%).
The EPS is expected to grow by 30.60% this year
368.0 institutions hold shares in Extreme Networks Inc (EXTR), with institutional investors hold 95.71% of the company’s shares. The shares outstanding are 130.28M, and float is at 128.23M with Short Float at 4.82%. Institutions hold 92.92% 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
Extreme Networks Inc disclosed in a document filed with the SEC on Nov 01 ’24 that MEYERCORD EDWARD (PRESIDENT AND CEO) sold a total of 35,725 shares of the company’s common stock. The trade occurred on Nov 01 ’24 and was made at $14.96 per share for $0.53 million. Following the transaction, the insider now directly holds 1.45 million shares of the EXTR stock.
Still, SEC filings show that on Oct 30 ’24, Khanna Raj (Director) disposed off 10,000 shares at an average price of $16.53 for $0.17 million. The insider now directly holds 228,733 shares of Extreme Networks Inc (EXTR).
