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Friday, December 2, 2022

There Is A Quest For Clarity Surrounding Extreme Networks Inc. (NASDAQ: EXTR) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Extreme Networks Inc. (EXTR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.03, or +0.23%, to $13.1. Volume reached 18,714 shares, with price reaching a high of $13.1 and a low of $13.099. The stock was recently discussed on Yahoo Finance as it revealed that Extreme Strengthens APAC Leadership Team.

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Stocks Info

This NASDAQ-listed company operates within the Communication Equipment industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $13.10 and fluctuated between $13.46 as its day high and $13.06 as its day low. The current market capitalization of Extreme Networks Inc. is $1.70B. A total of 1.22 million shares were traded on the day, compared to an average of 1.13M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, EXTR has seen 13 BUY and 16 SELL insider trades, representing the acquisition of 574,052 and the disposition of 337,984 shares. Over the last 12 months, there were 46 BUYs and 54 SELLs from insiders. Insiders purchased 1,616,945 shares during that period but sold 1,011,134.

In the most recent transaction, Thomas Remi sold 10,000 shares of EXTR for 14.05 per share on Sep 01. After the transaction, the EVP Chief Financial Officer now owns 126,342 company shares. In a previous transaction on Aug 29, Vitalone Joseph A sold 35,372 shares at 15.00 per share. EXTR shares that Chief Revenue Officer owns now total 41,298.

Among the insiders who sold shares, Khanna Raj disposed of 20,000 shares on Aug 29 at a per-share price of $15.00. This resulted in the Director holding 230,746 shares of EXTR after the transaction. In another insider transaction, Thomas Remi sold 10,000 shares at $12.79 per share on Aug 01. Company shares held by the EVP Chief Financial Officer now total 84,454.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for EXTR in the last 3 months, the mean price target is $17.07 with high estimates of $20.00 and low estimates of $13.00. In terms of 52-week highs and lows, EXTR has a high of $16.60 and a low of $8.49.

As of this writing, EXTR has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.1 per share and a lower estimate of $0.09. The company reported an EPS of $0.08 in the last quarter, which was 14.29% higher than expectations of $0.07.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EXTR is Overweight with a score of 4.25. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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