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Friday, June 9, 2023

Extreme Networks Inc. (NASDAQ: EXTR) May Be Attracting Institutional Investments

After Hours

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. After-hours trades for Extreme Networks Inc. (EXTR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.22%, to $17.82. The Extreme Networks Inc. has recorded 37,338 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Extreme Networks Reimagines the Retail Experience to Create Store of the Future.

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Stocks Info

Extreme Networks Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Communication Equipment industry. At the end of the last regular session, the stock closed at $17.78 and fluctuated between $18.16 as its day high and $17.03 as its day low. The current market capitalization of Extreme Networks Inc. is $2.21B. A total of 2.11 million shares were traded on the day, compared to an average of 1.33M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, EXTR has seen 6 BUY and 9 SELL insider trades, representing the acquisition of 79,501 and the disposition of 53,519 shares. Over the last 12 months, there were 37 BUYs and 51 SELLs from insiders. Insiders purchased 977,255 shares during that period but sold 846,172.

In the most recent transaction, TATE CRISTINA CAMAHORT sold 669 shares of EXTR for 18.78 per share on Feb 16. After the transaction, the Interim CFO now owns 20,950 company shares. In a previous transaction on Feb 09, Khanna Raj sold 10,000 shares at 19.53 per share. EXTR shares that Director owns now total 237,267.

Among the insiders who sold shares, Thomas Remi disposed of 10,000 shares on Feb 02 at a per-share price of $18.33. This resulted in the EVP Chief Financial Officer holding 93,347 shares of EXTR after the transaction. In another insider transaction, Vitalone Joseph A sold 19,854 shares at $19.14 per share on Jan 24. Company shares held by the Chief Revenue Officer now total 45,090.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for EXTR in the last 3 months, the mean price target is $22.00 with high estimates of $25.00 and low estimates of $17.50. In terms of 52-week highs and lows, EXTR has a high of $21.03 and a low of $8.49.

As of this writing, EXTR has an earnings estimate of $0.31 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.33 per share and a lower estimate of $0.29. The company reported an EPS of $0.27 in the last quarter, which was 12.50% higher than expectations of $0.24.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. EXTR’s latest balance sheet shows that the firm has $194.52M in Cash & Short Term Investments as of fiscal 2022. There were $351.13M in debt and $500.18M in liabilities at the time. Its Book Value Per Share was $0.65, while its Total Shareholder’s Equity was $90.34M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 6 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 5 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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