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As of close of business last night, Extreme Networks Inc.’s stock clocked out at $11.15, up 0.54% from its previous closing price of $11.09. In other words, the price has increased by $0.54 from its previous closing price. On the day, 1.55 million shares were traded. EXTR stock price reached its highest trading level at $11.16 during the session, while it also had its lowest trading level at $10.89.
Ratios:
To gain a deeper understanding of EXTR’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.49. 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.
On February 01, 2024, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $22 to $14.
Rosenblatt Downgraded its Buy to Neutral on February 01, 2024, whereas the target price for the stock was revised from $19 to $15.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future 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 1435339392 and an Enterprise Value of 1460735104. As of this moment, Extreme’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.49, and their Forward P/E ratio for the next fiscal year is 13.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07 while its Price-to-Book (P/B) ratio in mrq is 13.26. Its current Enterprise Value per Revenue stands at 1.085 whereas that against EBITDA is 9.299.
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 $10.57. The 50-Day Moving Average of the stock is -4.43%, while the 200-Day Moving Average is calculated to be -41.47%.
Shares Statistics:
It appears that EXTR traded 2.12M shares on average per day over the past three months and 1753850 shares per day over the past ten days. A total of 127.78M shares are outstanding, with a floating share count of 125.18M. Insiders hold about 2.76% of the company’s shares, while institutions hold 90.82% stake in the company. Shares short for EXTR as of 1711584000 were 11734201 with a Short Ratio of 5.54, compared to 1709164800 on 10992395. Therefore, it implies a Short% of Shares Outstanding of 11734201 and a Short% of Float of 12.43.
Earnings Estimates
The current rating of Extreme Networks Inc. (EXTR) reflects the combined expertise of 7.0 analysts actively engaged in assessing its market performance.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 7.0 analysts recommending between $1.0 and $0.6.
Revenue Estimates
For the next quarter, 7 analysts are estimating revenue of $271.21M. There is a high estimate of $283.2M for the next quarter, whereas the lowest estimate is $260.54M.
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 $1.31BBased 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.
