There’s No Need To Panic Or Freeze When It Comes To Extreme Networks Inc. (NASDAQ: EXTR)

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. The stock was recently discussed on Yahoo Finance as it revealed that Extreme Networks Announces Investor Conference Schedule for February and March 2024.

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Stocks Info

The company is listed on the NASDAQ and operates within the Communication Equipment industry segment. The current market capitalization of Extreme Networks Inc. is $1.62B. A total of 1.2 million shares were traded on the day, compared to an average of 2.16M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, EXTR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 27 BUYs and 31 SELLs from insiders. Insiders purchased 1,194,430 shares during that period but sold 838,499.

In the most recent transaction, MEYERCORD EDWARD sold 28,443 shares of EXTR for 13.24 per share on Feb 01. After the transaction, the PRESIDENT AND CEO now owns 1,129,611 company shares. In a previous transaction on Dec 01, MEYERCORD EDWARD sold 28,443 shares at 16.32 per share. EXTR shares that PRESIDENT AND CEO owns now total 1,129,611.

Among the insiders who sold shares, MEYERCORD EDWARD disposed of 28,443 shares on Nov 07 at a per-share price of $17.10. This resulted in the PRESIDENT AND CEO holding 1,090,354 shares of EXTR after the transaction. In another insider transaction, Vitalone Joseph A sold 45,090 shares at $23.71 per share on Sep 15. Company shares held by the Chief Revenue Officer now total 107,804.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for EXTR in the last 3 months, the mean price target is $14.58 with high estimates of $16.50 and low estimates of $13.00. In terms of 52-week highs and lows, EXTR has a high of $32.73 and a low of $11.60.

As of this writing, EXTR has an earnings estimate of -$0.18 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.13 per share and a lower estimate of -$0.2. The company reported an EPS of $0.35 in the last quarter, which was 9.40% higher than expectations of $0.32.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $0.84, while its Total Shareholder’s Equity was $90.34M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.14.

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