Extreme Networks Inc (EXTR) looking to reclaim success with recent performance

With 0.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.29 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $15.335 whereas the lowest price it dropped to was $14.97. The 52-week range on EXTR shows that it touched its highest point at $18.77 and its lowest point at $10.49 during that stretch. It currently has a 1-year price target of $19.33. Beta for the stock currently stands at 1.77.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EXTR was up-trending over the past week, with a rise of 7.59%, but this was up by 3.10% over a month. Three-month performance surged to 20.95% while six-month performance rose 38.71%. The stock lost -8.93% in the past year, while it has lost -13.27% so far this year. A look at the trailing 12-month EPS for EXTR yields -0.96 with Next year EPS estimates of 0.99. For the next quarter, that number is 0.18. This implies an EPS growth rate of 30.62% for this year and 28.90% for next year. EPS is expected to grow by 18.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -24.85%.

Float and Shares Shorts:

At present, 130.28 million EXTR shares are outstanding with a float of 128.23 million shares on hand for trading. On 2024-10-15, short shares totaled 6.21 million, which was 470.0 higher than short shares on 1726185600. In addition to Mr. Edward B. Meyercord III as the firm’s President, CEO & Executive Director, Mr. Kevin Rhodes serves as its Executive VP of Finance & CFO.

Institutional Ownership:

Through their ownership of 0.94505996 of EXTR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, EXTR reported revenue of $269204000.0 and operating income of -$3440000.0. The EBITDA in the recently reported quarter was $1762000.0 and diluted EPS was -$0.08.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EXTR since 6 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EXTR analysts setting a high price target of 22.5 and a low target of 15.0, the average target price over the next 12 months is 19.33. Based on these targets, EXTR could surge 47.06% to reach the target high and fall by -1.96% to reach the target low. Reaching the average price target will result in a growth of 26.34% from current levels.

Analysts have provided yearly estimates in a range of $0.53773 being high and $0.5084 being low. For EXTR, this leads to a yearly average estimate of $0.52795. The surprise factor in the prior quarter was $0.13. Based on analyst estimates, the high estimate for the next quarter is $0.2 and the low estimate is $0.16. The average estimate for the next quarter is thus $0.18.