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Friday, September 29, 2023

Extreme Networks Inc. (NASDAQ: EXTR) Could Achieve Gains In The Near Future

After Hours

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. After-hours trades for Extreme Networks Inc. (EXTR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.04%, to $27.15. The Extreme Networks Inc. has recorded 55,509 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Manchester United Unleashes High-Speed Fan-Facing Extreme Networks Wi-Fi at Old Trafford.

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Stocks Info

Extreme Networks Inc. is listed on the NASDAQ in the Technology sector while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $27.14 and fluctuated between $27.91 as its day high and $26.97 as its day low. The current market capitalization of Extreme Networks Inc. is $3.57B. A total of 1.88 million shares were traded on the day, compared to an average of 2.24M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, EXTR has seen 11 BUY and 13 SELL insider trades, representing the acquisition of 919,261 and the disposition of 471,735 shares. Over the last 12 months, there were 36 BUYs and 51 SELLs from insiders. Insiders purchased 1,347,076 shares during that period but sold 1,128,110.

In the most recent transaction, Khanna Raj sold 10,000 shares of EXTR for 30.87 per share on Aug 09. After the transaction, the Director now owns 227,267 company shares. In a previous transaction on Jun 07, MEYERCORD EDWARD sold 100,000 shares at 23.05 per share. EXTR shares that PRESIDENT AND CEO owns now total 610,385.

Among the insiders who sold shares, MEYERCORD EDWARD disposed of 167,587 shares on Jun 02 at a per-share price of $21.18. This resulted in the PRESIDENT AND CEO holding 710,385 shares of EXTR after the transaction. In another insider transaction, MEYERCORD EDWARD sold 5,883 shares at $21.00 per share on Jun 01. Company shares held by the PRESIDENT AND CEO now total 877,972.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for EXTR in the last 3 months, the mean price target is $33.29 with high estimates of $36.00 and low estimates of $29.00. In terms of 52-week highs and lows, EXTR has a high of $32.73 and a low of $12.09.

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 7 estimates, with a high estimate of $0.33 per share and a lower estimate of $0.29. The company reported an EPS of $0.29 in the last quarter, which was 11.50% higher than expectations of $0.26.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $0.91, while its Total Shareholder’s Equity was $90.34M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.17.

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