The stock of Extreme Networks Inc. (NASDAQ:EXTR) last traded at $11.98, up 10.52% from the previous session.
EXTR stock price is now 6.26% away from the 50-day moving average and -32.53% away from the 200-day moving average. The market capitalization of the company currently stands at $1.56B.
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With the price target maintained at $14, Craig Hallum recently Upgraded its rating from Hold to Buy for Extreme Networks Inc. (NASDAQ: EXTR). On May 02, 2024, Rosenblatt Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $15 to quote $17, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, MEYERCORD EDWARD, PRESIDENT AND CEO sold 50,000 shares of the company’s stock on May 09 ’24. The stock was sold for $531,370 at an average price of $10.63. Upon completion of the transaction, the PRESIDENT AND CEO now directly owns 1,119,724 shares in the company, valued at $13.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01 ’24, PRESIDENT AND CEO MEYERCORD EDWARD sold 28,443 shares of the business’s stock. A total of $376,602 was realized by selling the stock at an average price of $13.24. This leaves the insider owning 1,129,611 shares of the company worth $13.53 million. A total of 2.72% of the company’s stock is owned by insiders.
During the past 12 months, Extreme Networks Inc. has had a low of $10.49 and a high of $32.73. As of last week, the company has a debt-to-equity ratio of 3.73, a current ratio of 0.96, and a quick ratio of 0.61.
According to the Communication Equipment Company, earnings per share came in at 0.33, beating analysts’ expectations of 0.31 by 0.02. This compares to $0.17 EPS in the same period last year. The net profit margin was -0.52% and return on equity was -7.53% for EXTR. The company reported revenue of $211.04 million for the quarter, compared to $332.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -36.53 percent. For the current quarter, analysts expect EXTR to generate $253.21M in revenue.
