Extreme Networks Inc. (NASDAQ: EXTR) kicked off on Friday, down -3.34% from the previous trading day, before settling in for the closing price of $11.07. Over the past 52 weeks, EXTR has traded in a range of $10.85-$32.73.
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Technology Sector giant saw their annual sales surged by 6.23% over the last five years. While this was happening, its average annual earnings per share was recorded -48.10%. With a float of $125.18 million, this company’s outstanding shares have now reached $127.78 million.
The firm has a total of 2849 workers. Let’s measure their productivity.
Extreme Networks Inc. (EXTR) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Communication Equipment Industry. The insider ownership of Extreme Networks Inc. is 2.76%, while institutional ownership is 90.85%. The most recent insider transaction that took place on Feb 01 ’24, was worth 376,602. In this transaction PRESIDENT AND CEO of this company sold 28,443 shares at a rate of $13.24, taking the stock ownership to the 1,129,611 shares. Before that another transaction happened on Dec 01 ’23, when Company’s PRESIDENT AND CEO sold 28,443 for $16.32, making the entire transaction worth $464,164. This insider now owns 1,129,611 shares in total.
Extreme Networks Inc. (EXTR) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -48.10% per share during the next fiscal year.
Extreme Networks Inc. (NASDAQ: EXTR) Trading Performance Indicators
Take a look at Extreme Networks Inc.’s (EXTR) current performance indicators. Last quarter, stock had a quick ratio of 0.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.02. Likewise, its price to free cash flow for the trailing twelve months is 6.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.60, a number that is poised to hit -0.18 in the next quarter and is forecasted to reach 0.83 in one year’s time.
Technical Analysis of Extreme Networks Inc. (EXTR)
Analysing the last 5-days average volume posted by the [Extreme Networks Inc., EXTR], we can find that recorded value of 1.61 million was lower than the volume posted last year of 2.08 million. As of the previous 9 days, the stock’s Stochastic %D was 15.85%. Additionally, its Average True Range was 0.36.
During the past 100 days, Extreme Networks Inc.’s (EXTR) raw stochastic average was set at 1.53%, which indicates a significant decrease from 10.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.27% in the past 14 days, which was lower than the 44.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.88, while its 200-day Moving Average is $19.57. Now, the first resistance to watch is $10.93. This is followed by the second major resistance level at $11.16. The third major resistance level sits at $11.33. If the price goes on to break the first support level at $10.52, it is likely to go to the next support level at $10.35. Should the price break the second support level, the third support level stands at $10.12.
Extreme Networks Inc. (NASDAQ: EXTR) Key Stats
The company with the Market Capitalisation of 1.38 billion has total of 128,730K Shares Outstanding. Its annual sales at the moment are 1,312 M in contrast with the sum of 78,070 K annual income. Company’s last quarter sales were recorded 296,380 K and last quarter income was 3,990 K.
