The price of Extreme Networks Inc. (NASDAQ: EXTR) closed at $12.03 in the last session, down -0.66% from day before closing price of $12.11. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 1786470 shares were traded.
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Ratios:
We take a closer look at EXTR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.00. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 2.28 whereas as Long-Term Debt/Eq ratio is at 2.10.
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, UBS on February 01, 2024, Downgraded its rating to Neutral and sets its target price to $14 from $22 previously.
On February 01, 2024, Rosenblatt Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $19 to $15.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 01 ’24 when MEYERCORD EDWARD sold 28,443 shares for $13.24 per share. The transaction valued at 376,602 led to the insider holds 1,129,611 shares of the business.
MEYERCORD EDWARD sold 28,443 shares of EXTR for $464,164 on Dec 01 ’23. The PRESIDENT AND CEO now owns 1,129,611 shares after completing the transaction at $16.32 per share. On Nov 07 ’23, another insider, MEYERCORD EDWARD, who serves as the PRESIDENT AND CEO of the company, sold 28,443 shares for $17.10 each. As a result, the insider received 486,424 and left with 1,090,354 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 1.55B and an Enterprise Value of 1.57B. As of this moment, Extreme’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.95, and their Forward P/E ratio for the next fiscal year is 14.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.15 while its Price-to-Book (P/B) ratio in mrq is 14.30. Its current Enterprise Value per Revenue stands at 1.17 whereas that against EBITDA is 10.68.
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 $11.60. The 50-Day Moving Average of the stock is 14.81, while the 200-Day Moving Average is calculated to be 20.97.
Shares Statistics:
According to the various share statistics, EXTR traded on average about 2.21M shares per day over the past 3-months and 1.89M shares per day over the past 10 days. A total of 127.78M shares are outstanding, with a floating share count of 125.20M. Insiders hold about 2.74% of the company’s shares, while institutions hold 91.91% stake in the company. Shares short for EXTR as of Feb 15, 2024 were 11.23M with a Short Ratio of 5.08, compared to 12.48M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.72% and a Short% of Float of 11.90%.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.2, while EPS last year was $0.29. The consensus estimate for the next quarter is $0.15, with high estimates of $0.17 and low estimates of $0.11.
Analysts are recommending an EPS of between $0.63 and $0.53 for the fiscal current year, implying an average EPS of $0.56. EPS for the following year is $0.83, with 7 analysts recommending between $1 and $0.6.
Revenue Estimates
A total of 7 analysts have provided revenue estimates for EXTR’s current fiscal year. The highest revenue estimate was $1.14B, while the lowest revenue estimate was $1.11B, resulting in an average revenue estimate of $1.13B. In the same quarter a year ago, actual revenue was $1.31B, down -14.30% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.14B in the next fiscal year. The high estimate is $1.17B and the low estimate is $1.05B. The average revenue growth estimate for next year is up 1.00% from the average revenue estimate for this year.
