Extreme Networks Inc (NASDAQ:EXTR) price on Friday, February 07, fall -0.65% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $15.39.
A look at the stock’s price movement, the close in the last trading session was $15.49, moving within a range at $15.21 and $15.57. The beta value (5-Year monthly) was 1.77. Turning to its 52-week performance, $19.24 and $10.49 were the 52-week high and 52-week low respectively. Overall, EXTR moved -9.95% over the past month.
Extreme Networks Inc’s market cap currently stands at around $2.04 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 280.32M for the company’s revenue for the quarter, with a low and high estimate of 279.36M and 281.28M respectively. The average forecast suggests up to a 32.83% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.13B, representing a 0.99% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EXTR is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend EXTR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EXTR’s current price about -6.41% and -9.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.06, while 7-day volatility ratio is 3.06% and 3.47% in the 30-day chart. Further, Extreme Networks Inc (EXTR) has a beta value of 1.73, and an average true range (ATR) of 0.58. Analysts have given the company’s stock an average 52-week price target of $21, forecast between a low of $21 and high of $21. Looking at the price targets, the low is -36.45% off current price level while to achieve the yearly target high, price needs to move -36.45%. Nonetheless, investors will most likely welcome a -36.45% jump to $21 which is the analysts’ median price.
If we refocus on Extreme Networks Inc (NASDAQ:EXTR), historical trading data shows that trading volumes averaged 1.44 over the past 10 days and 977.24K over the past 3 months. The company’s latest data on shares outstanding shows there are 132.65 million shares.
The 2.95% of Extreme Networks Inc’s shares are in the hands of company insiders while institutional holders own 91.88% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.05 million on 2025-01-15, giving us a short ratio of 6.6. The data shows that as of 2025-01-15 short interest in Extreme Networks Inc (EXTR) stood at 459.00002000000006 of shares outstanding, with shares short falling to 5.28 million registered in 2024-12-13. Current price change has pushed the stock -8.06% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EXTR stock continues to rise going into the next quarter.
