Why Extreme Networks Inc. (NASDAQ: EXTR) Is Worth Including On Your Watchlist – Marketing Sentinel
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Why Extreme Networks Inc. (NASDAQ: EXTR) Is Worth Including On Your Watchlist

Extreme Networks Inc. (NASDAQ:EXTR)’s traded shares stood at 0.39 million during the last session, with the company’s beta value hitting 2.01. At the close of trading, the stock’s price was $10.32, to imply a decrease of -1.15% or -$0.12 in intraday trading. The EXTR share’s 52-week high remains $12.29, putting it -19.09% down since that peak but still an impressive 61.92% since price per share fell to its 52-week low of $3.93. The company has a valuation of $1.28B, with an average of 0.79 million shares in intraday trading volume over the past 10 days and average of 838.78K shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Extreme Networks Inc. (EXTR), translating to a mean rating of 2.20. Of 5 analyst(s) looking at the stock, 0 analyst(s) give EXTR a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.16.

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Extreme Networks Inc. (NASDAQ:EXTR) trade information

After registering a -1.15% downside in the last session, Extreme Networks Inc. (EXTR) has traded red over the past five days. The stock hit a weekly high of 10.52 this Friday, 10/08/21, dropping -1.15% in its intraday price action. The 5-day price performance for the stock is 0.29%, and 0.58% over 30 days. With these gigs, the year-to-date price performance is 49.78%. Short interest in Extreme Networks Inc. (NASDAQ:EXTR) saw shorts transact 6.42 million shares and set a 9.27 days time to cover.

Analysts on Wall Street suggest a consensus price target of $13.40, implying an increase of 22.99% to the stock’s current value. The extremes give us $10.00 and $16.00 for target low and target high price respectively. As such, EXTR has been trading -55.04% off suggested target high and 3.1% from its likely low.

Extreme Networks Inc. (EXTR) estimates and forecasts

Revenue is forecast to grow 77.80% this quarter before jumping 38.50% for the next one. The rating firms project that company’s revenue will grow 7.40% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is $256.94 million. Meanwhile, for the quarter ending Dec 2021, a total of 5 analyst(s) estimate revenue growth to $267.61 million.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 15.40% for the past 5-year period. While 2021 is set for a 101.40% return in earnings, projections for the next 5 years are at 20.00% annually.

EXTR Dividends

Extreme Networks Inc. has its next earnings report out between October 26 and November 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Extreme Networks Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Extreme Networks Inc. (NASDAQ:EXTR)’s Major holders

Extreme Networks Inc. insiders hold 2.09% of total outstanding shares, with institutional holders owning 83.41% of the shares at 85.19% float percentage. In total, 83.41% institutions holds shares in the company, led by Blackrock Inc. As of Jun 29, 2021, the company held over 17.4 million shares (or 13.41% of shares), all amounting to roughly $194.17 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 10.34 million shares, or about 7.97% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $115.4 million.

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We also have iShares Core S&P Smallcap ETF and Smallcap World Fund as the top two Mutual Funds with the largest holdings of the Extreme Networks Inc. (EXTR) shares. Going by data provided on Aug 30, 2021, iShares Core S&P Smallcap ETF holds roughly 8.36 million shares. This is just over 6.44% of the total shares, with a market valuation of $90.5 million. Data from the same date shows that the other fund manager holds a little less at 5.02 million, or 3.87% of the shares, all valued at about 56.06 million.

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