Extreme Networks Inc. (NASDAQ:EXTR) has a beta value of 2.08 and has seen 3.53 million shares traded in the recent trading session. The company, currently valued at $2.50B, closed the recent trade at $15.30 per share which meant it lost -$4.01 on the day or -20.77% during that session. The EXTR stock price is -37.45% off its 52-week high price of $21.03 and 44.51% above the 52-week low of $8.49. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.24 million shares traded. The 3-month trading volume is 1.21 million shares.
The consensus among analysts is that Extreme Networks Inc. (EXTR) is a Buy stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 7 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.23.
Extreme Networks Inc. (NASDAQ:EXTR) trade information
Sporting -20.77% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the EXTR stock price touched $15.30 or saw a rise of 23.04%. Year-to-date, Extreme Networks Inc. shares have moved 5.46%, while the 5-day performance has seen it change -2.33%. Over the past 30 days, the shares of Extreme Networks Inc. (NASDAQ:EXTR) have changed 5.06%. Short interest in the company has seen 7.44 million shares shorted with days to cover at 7.61.
Wall Street analysts have a consensus price target for the stock at $21.43, which means that the shares’ value could jump 28.6% from the levels at last check today. The projected low price target is $18.00 while the price target rests at a high of $23.00. In that case, then, we find that the latest price level in today’s session is -50.33% off the targeted high while a plunge would see the stock gain -17.65% from the levels at last check today.
Extreme Networks Inc. (EXTR) estimates and forecasts
Figures show that Extreme Networks Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 78.96% over the past 6 months, with this year growth rate of 29.87%, compared to 21.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 9.50% and 23.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 11.30%.
7 analysts offering their estimates for the company have set an average revenue estimate of $301.99 million for the current quarter. 7 have an estimated revenue figure of $314.23 million for the next quarter concluding in Mar 2023.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 86.50% over the past 5 years. Earnings growth for 2023 is a modest 29.90% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
Extreme Networks Inc. is expected to release its next earnings report between January 25 and January 30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Extreme Networks Inc. (NASDAQ:EXTR)’s Major holders
Insiders own 2.38% of the company shares, while shares held by institutions stand at 86.07% with a share float percentage of 88.17%. Investors are also buoyed by the number of investors in a company, with Extreme Networks Inc. having a total of 321 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 17.25 million shares worth more than $153.84 million. As of Jun 29, 2022, Blackrock Inc. held 13.14% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 12.9 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $115.09 million and represent 9.83% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and iShares Core S&P Smallcap ETF. As of Jun 29, 2022, the former fund manager holds about 6.15% shares in the company for having 8.08 million shares of worth $72.05 million while later fund manager owns 5.84 million shares of worth $76.31 million as of Sep 29, 2022, which makes it owner of about 4.45% of company’s outstanding stock.