Extreme Networks Inc. (NASDAQ: EXTR) on Monday, plunged -0.43% from the previous trading day, before settling in for the closing price of $11.60. Within the past 52 weeks, EXTR’s price has moved between $10.57 and $32.73.
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Technology Sector giant saw their annual sales surged by 6.23% over the last five years. The company achieved an average annual earnings per share of -48.15%. 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
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Extreme Networks Inc. is 2.76%, while institutional ownership is 90.97%. 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
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported 0.29 earnings per share (EPS) for the period topping the consensus outlook (set at 0.26) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -48.15% per share during the next fiscal year.
Extreme Networks Inc. (NASDAQ: EXTR) Trading Performance Indicators
Extreme Networks Inc. (EXTR) is currently performing well based on its current performance indicators. A quick ratio of 0.74 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.10. Likewise, its price to free cash flow for the trailing twelve months is 6.72.
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 1.73 million was lower than the volume posted last year of 2.05 million. As of the previous 9 days, the stock’s Stochastic %D was 77.17%. Additionally, its Average True Range was 0.39.
During the past 100 days, Extreme Networks Inc.’s (EXTR) raw stochastic average was set at 11.90%, which indicates a significant decrease from 77.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.82% in the past 14 days, which was lower than the 45.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.60, while its 200-day Moving Average is $18.73. Now, the first resistance to watch is $11.79. This is followed by the second major resistance level at $12.03. The third major resistance level sits at $12.21. If the price goes on to break the first support level at $11.36, it is likely to go to the next support level at $11.18. Should the price break the second support level, the third support level stands at $10.94.
Extreme Networks Inc. (NASDAQ: EXTR) Key Stats
Market capitalization of the company is 1.49 billion based on 128,730K outstanding shares. Right now, sales total 1,312 M and income totals 78,070 K. The company made 296,380 K in profit during its latest quarter, and 3,990 K in sales during its previous quarter.
