Extreme Networks (EXTR) Stock Price, News & Analysis

Company Overview

Extreme Networks, Inc. delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation. The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls. Over 50,000 customers globally trust their end-to-end, cloud-driven networking solutions and rely on our top-rated services and support to accelerate their digital transformation efforts.

Key Stats

• Today's Range: $17.48 to $18.09
• 50-Day Range: $14.22 to $18.52
• 52-Week Range: $10.49 to $19.24
• Volume: 2.12 million shs
• Average Volume: 1.76 million shs
• Market Capitalization: $2.34 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $19.00
• Consensus Rating: Moderate Buy

Extreme Networks Stock Analysis - MarketRank™

Extreme Networks scored higher than 60% of companies evaluated by MarketBeat, and ranked 332nd out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Extreme Networks has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Extreme Networks has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 85.19%

Earnings Growth

Earnings for Extreme Networks are expected to grow by 85.19% in the coming year, from $0.27 to $0.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Extreme Networks is -18.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Extreme Networks is -18.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Extreme Networks has a PEG Ratio of 3.87. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Extreme Networks has a P/B Ratio of 93.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.88% of the outstanding shares of Extreme Networks have been sold short.

Short Interest Ratio / Days to Cover

Extreme Networks has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in Extreme Networks has recently increased by 3.64%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Extreme Networks does not currently pay a dividend.

Dividend Growth

Extreme Networks does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -1.31

Percentage of Shares Shorted

3.88% of the outstanding shares of Extreme Networks have been sold short.

Short Interest Ratio / Days to Cover

Extreme Networks has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in Extreme Networks has recently increased by 3.64%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.23

News Sentiment

Extreme Networks has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Extreme Networks this week, compared to 11 articles on an average week.

Search Interest

12 people have searched for EXTR on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Extreme Networks to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Extreme Networks insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,390,490.00 in company stock.

Percentage Held by Insiders

Only 3.70% of the stock of Extreme Networks is held by insiders.

Percentage Held by Institutions

91.05% of the stock of Extreme Networks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EXTR Stock Analysis - Frequently Asked Questions

How have EXTR shares performed this year?

Extreme Networks' stock was trading at $17.64 at the beginning of 2024. Since then, EXTR shares have increased by 0.6% and is now trading at $17.74.
View the best growth stocks for 2024 here.

How were Extreme Networks' earnings last quarter?

Extreme Networks, Inc. (NASDAQ:EXTR) released its quarterly earnings data on Wednesday, August, 7th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by $0.21. The firm's revenue for the quarter was down 29.5% compared to the same quarter last year.

Does Extreme Networks have any subsidiaries?

The following companies are subsidiaries of Extreme Networks: Ipanematech SAS, Aerohive Networks, Brocade Communications Systems, Avaya - Networking business, Enterasys Networks, Zebra Technologies - Wireless LAN Business, Soapstone Networks, and others.

Who are Extreme Networks' major shareholders?

Top institutional shareholders of Extreme Networks include State Street Corp (3.89%), Victory Capital Management Inc. (3.38%), Rubric Capital Management LP (2.98%) and Geode Capital Management LLC (2.28%). Insiders that own company stock include Edward Meyercord, Charles Carinalli, Raj Khanna, Kathleen M Holmgren, Remi Thomas, Joseph A Vitalone, Ingrid Burton and Cristina Tate.
View institutional ownership trends.

How do I buy shares of Extreme Networks?

Shares of EXTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Extreme Networks own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Extreme Networks investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 12/22/2024
• Next Earnings (Confirmed): 12/31/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Computer & office equipment
• Sub-Industry: Communications Equipment
• Current Symbol: NASDAQ:EXTR
• CUSIP: 30226D10
• CIK: 1078271
• Web: www.extremenetworks.com
• Phone: 408-579-2800
• Fax: 408-904-7002
• Employees: 2,656
• Year Founded: 1996

Price Target and Rating

• Average Stock Price Target: $19.00
• High Stock Price Target: $22.50
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +7.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.97)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 65.70
• P/E Growth: 3.87
• Net Income: $-85,960,000.00
• Net Margins: -12.11%
• Pretax Margin: -11.59%
• Return on Equity: -80.55%
• Return on Assets: -4.30%

Debt

• Debt-to-Equity Ratio: 5.33
• Current Ratio: 0.91
• Quick Ratio: 0.63

Sales & Book Value

• Annual Sales: $1.03 billion
• Price / Sales: 2.27
• Cash Flow: $0.20 per share
• Price / Cash Flow: 90.49
• Book Value: $0.19 per share
• Price / Book: 93.37

Miscellaneous

• Outstanding Shares: 132,135,000
• Free Float: 127,246,000
• Market Cap: $2.34 billion
• Optionable: Optionable
• Beta: 1.76