Friday, November 27, 2020

Extreme Networks Inc. [EXTR] fell -35.96% so far this year. What now?

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Extreme Networks Inc. [NASDAQ: EXTR] price surged by 2.16 percent to reach at $0.1. The company report on October 22, 2020 that Extreme Networks Celebrates Global Partner Community at Annual Partner Conference.

Leading Partners Recognized for Excellence in 26 Categories.


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Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, hosted its annual Partner Conference on October 20th and 21st. The virtual event offered global partners exclusive access to new product innovations, demos, executives, and sales and marketing strategies designed to grow profitability. During the conference, Extreme partners were recognized for their outstanding contributions to the success of Extreme Networks’ business in multiple categories. Extreme is pleased to announce the following as winners:.

A sum of 1321391 shares traded at recent session while its average daily volume was at 1.06M shares. Extreme Networks Inc. shares reached a high of $4.74 and dropped to a low of $4.505 until finishing in the latest session at $4.72.

The one-year EXTR stock forecast points to a potential upside of 31.59. The average equity rating for EXTR stock is currently 2.40, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Extreme Networks Inc. [EXTR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EXTR shares is $6.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EXTR stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley FBR have made an estimate for Extreme Networks Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 15, 2020. The new note on the price target was released on April 14, 2020, representing the official price target for Extreme Networks Inc. stock. Previously, the target price had yet another raise to $9, while Lake Street analysts kept a Buy rating on EXTR stock.

The Average True Range (ATR) for Extreme Networks Inc. is set at 0.21, with the Price to Sales ratio for EXTR stock in the period of the last 12 months amounting to 0.60. The Price to Book ratio for the last quarter was 118.00. Price to Free Cash Flow for EXTR in the course of the last twelve months was 27.66 with Quick ratio for the last quarter at 0.90.

EXTR Stock Performance Analysis:

Extreme Networks Inc. [EXTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.06. With this latest performance, EXTR shares gained by 15.40% in over the last four-week period, additionally plugging by 29.67% over the last 6 months – not to mention a drop of -35.34% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EXTR stock in for the last two-week period is set at 60.55, with the RSI for the last a single of trading hit 65.54, and the three-weeks RSI is set at 58.95 for Extreme Networks Inc. [EXTR]. The present Moving Average for the last 50 days of trading for this stock 4.27, while it was recorded at 4.61 for the last single week of trading, and 4.35 for the last 200 days.

Insight into Extreme Networks Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Extreme Networks Inc. [EXTR] shares currently have an operating margin of -4.50 and a Gross Margin at +53.41. Extreme Networks Inc.’s Net Margin is presently recorded at -13.38.

Return on Total Capital for EXTR is now -10.93, given the latest momentum, and Return on Invested Capital for the company is -34.47. Return on Equity for this stock declined to -209.00, with Return on Assets sitting at -14.61. When it comes to the capital structure of this company, Extreme Networks Inc. [EXTR] has a Total Debt to Total Equity ratio set at 8,902.09. Additionally, EXTR Total Debt to Total Capital is recorded at 98.89, with Total Debt to Total Assets ending up at 49.08. Long-Term Debt to Equity for the company is recorded at 8,240.52, with the Long-Term Debt to Total Capital now at 91.54.

Reflecting on the efficiency of the workforce at the company, Extreme Networks Inc. [EXTR] managed to generate an average of -$49,089 per employee. Receivables Turnover for the company is 6.38 with a Total Asset Turnover recorded at a value of 1.09.Extreme Networks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.

EXTR Stock EPS

With the latest financial reports released by the company, Extreme Networks Inc. posted 0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 166.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EXTR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Extreme Networks Inc. go to 20.00%.

Extreme Networks Inc. [EXTR] Insider Position Details

There are presently around $452 million, or 79.90% of EXTR stock, in the hands of institutional investors. The top three institutional holders of EXTR stocks are: BLACKROCK INC. with ownership of 16,485,590, which is approximately -1.465% of the company’s market cap and around 1.20% of the total institutional ownership; VANGUARD GROUP INC, holding 8,377,181 shares of the stock with an approximate value of $39.54 million in EXTR stocks shares; and PARADIGM CAPITAL MANAGEMENT INC/NY, currently with $34.34 million in EXTR stock with ownership of nearly 4.932% of the company’s market capitalization.

Positions in Extreme Networks Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 83 institutional holders increased their position in Extreme Networks Inc. [NASDAQ:EXTR] by around 10,762,905 shares. Additionally, 70 investors decreased positions by around 11,357,664 shares, while 28 investors held positions by with 73,718,715 shares. The mentioned changes placed institutional holdings at 95,839,284 shares, according to the latest SEC report filing. EXTR stock had 19 new institutional investments in for a total of 791,916 shares, while 22 institutional investors sold positions of 4,568,779 shares during the same period.

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