Extreme Networks Inc (NASDAQ:EXTR) price on Friday, April 11, rose 0.52% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.51.
A look at the stock’s price movement, the close in the last trading session was $11.45, moving within a range at $11.09 and $11.58. The beta value (5-Year monthly) was 1.574. Turning to its 52-week performance, $19.24 and $10.10 were the 52-week high and 52-week low respectively. Overall, EXTR moved -18.83% over the past month.
Extreme Networks Inc’s market cap currently stands at around $1.53 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-28.
Analysts have a consensus estimate of 280.32M for the company’s revenue for the quarter, with a low and high estimate of 279.36M and 281.28M respectively. The average forecast suggests up to a 32.83% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.13B, representing a 0.99% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EXTR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend EXTR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EXTR’s current price about -14.17% and -20.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.67, while 7-day volatility ratio is 11.36% and 6.08% in the 30-day chart. Further, Extreme Networks Inc (EXTR) has a beta value of 1.70, and an average true range (ATR) of 0.89. Analysts have given the company’s stock an average 52-week price target of $21, forecast between a low of $21 and high of $21. Looking at the price targets, the low is -82.45% off current price level while to achieve the yearly target high, price needs to move -82.45%. Nonetheless, investors will most likely welcome a -82.45% jump to $21 which is the analysts’ median price.
If we refocus on Extreme Networks Inc (NASDAQ:EXTR), historical trading data shows that trading volumes averaged 1.99 over the past 10 days and 1.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 132.65 million shares.
The 1.83% of Extreme Networks Inc’s shares are in the hands of company insiders while institutional holders own 90.87% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.8 million on 2025-03-14, giving us a short ratio of 5.0. The data shows that as of 2025-03-14 short interest in Extreme Networks Inc (EXTR) stood at 523.99997 of shares outstanding, with shares short rising to 4.81 million registered in 2025-02-14. Current price change has pushed the stock -31.24% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EXTR stock continues to rise going into the next quarter.
