Comparison of current and last year’s EPS for Extreme Networks Inc. (EXTR)


The closing price of Extreme Networks Inc. (NASDAQ: EXTR) was $24.21 for the day, up 1.47% from the previous closing price of $23.86. In other words, the price has increased by $+0.35 from its previous closing price. On the day, 1974654 shares were traded. EXTR stock price reached its highest trading level at $24.73 during the session, while it also had its lowest trading level at $23.78.

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Our analysis of EXTR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.58. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 1.90 whereas as Long-Term Debt/Eq ratio is at 1.61.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, B. Riley Securities on August 03, 2023, Downgraded its rating to Neutral and sets its target price to $30 from $25 previously.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 15 when Vitalone Joseph A sold 45,090 shares for $23.71 per share. The transaction valued at 1,068,971 led to the insider holds 107,804 shares of the business.

Khanna Raj sold 10,000 shares of EXTR for $308,678 on Aug 09. The Director now owns 227,267 shares after completing the transaction at $30.87 per share. On Jun 07, another insider, MEYERCORD EDWARD, who serves as the PRESIDENT AND CEO of the company, sold 100,000 shares for $23.05 each. As a result, the insider received 2,304,910 and left with 610,385 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EXTR now has a Market Capitalization of 3.15B and an Enterprise Value of 3.18B. As of this moment, Extreme’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.38, and their Forward P/E ratio for the next fiscal year is 12.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.43 while its Price-to-Book (P/B) ratio in mrq is 26.60. Its current Enterprise Value per Revenue stands at 2.42 whereas that against EBITDA is 21.71.

Stock Price History:

Over the past 52 weeks, EXTR has reached a high of $32.73, while it has fallen to a 52-week low of $12.09. The 50-Day Moving Average of the stock is 27.63, while the 200-Day Moving Average is calculated to be 21.40.

Shares Statistics:

EXTR traded an average of 2.22M shares per day over the past three months and 2.44M shares per day over the past ten days. A total of 128.30M shares are outstanding, with a floating share count of 126.83M. Insiders hold about 1.30% of the company’s shares, while institutions hold 88.80% stake in the company. Shares short for EXTR as of Aug 30, 2023 were 10.79M with a Short Ratio of 10.79M, compared to 10.58M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.30% and a Short% of Float of 9.83%.

Earnings Estimates

The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $0.31 for the current quarter, with a high estimate of $0.33 and a low estimate of $0.29, while EPS last year was $0.2. The consensus estimate for the next quarter is $0.37, with high estimates of $0.39 and low estimates of $0.33.

Analysts are recommending an EPS of between $1.64 and $1.46 for the fiscal current year, implying an average EPS of $1.55. EPS for the following year is $1.99, with 7 analysts recommending between $2.17 and $1.8.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $351.9M to a low estimate of $342M. As of the current estimate, Extreme Networks Inc.’s year-ago sales were $282.89M, an estimated increase of 22.60% from the year-ago figure.

A total of 7 analysts have provided revenue estimates for EXTR’s current fiscal year. The highest revenue estimate was $1.52B, while the lowest revenue estimate was $1.48B, resulting in an average revenue estimate of $1.51B. In the same quarter a year ago, actual revenue was $1.31B, up 14.70% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.7B in the next fiscal year. The high estimate is $1.74B and the low estimate is $1.65B. The average revenue growth estimate for next year is up 13.10% from the average revenue estimate for this year.


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