Extreme Networks (NASDAQ:EXTR) shares traded 11.41% up during most recent session to reach at the closing price of $6.54. The stock exchanged hands 4.35 Million shares versus average trading capacity of 2.01 Million shares, yielding a market cap of $694.48 Million. Wall Street analysts covering the stock are projecting that the stock will reach $9.38 within the next 52-weeks. The mean target projections are based on 4 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Extreme Networks (NASDAQ:EXTR) high price target of $13 and with a conservative view have low price target of $6.5.
Cowen & Co. “Downgrades” Extreme Networks (NASDAQ:EXTR) in a research note issued to investors on 8/09/18 to Market Perform with price target of $6.5.
Additionally on 8/09/18 JMP Securities “Maintained” Extreme Networks (NASDAQ:EXTR) to Market Outperform setting price target at $9 and on 8/08/18 Needham “Downgrades” the stock to Hold at $0. Furthermore on 12/20/17 Cowen & Co. “Initiates Coverage On” the stock to Outperform at $16.
On the other hand the company has Relative Strength Index (RSI 14) of 71 along with Average True Range (ATR 14) of 0.34, Consequently Extreme Networks (NASDAQ:EXTR)’s weekly and monthly volatility is 8.43%, 6.01% respectively. The company’s beta value is at 0.78.
In terms of Buy, Sell or Hold recommendations, Extreme Networks (NASDAQ:EXTR) has analysts’ mean recommendation of 2.2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Extreme Networks (NASDAQ:EXTR)’s minimum EPS for the current quarter is at $0.09 and can go high up to $0.12. The consensus mean EPS for the current quarter is at $0.1 derived from a total of 5 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.14 earnings per share for the same quarter during last year.
Previously Extreme Networks (NASDAQ:EXTR) reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. The company posted an earnings surprise of 166.7%.
Extreme Networks (NASDAQ:EXTR)’s revenue estimates for the current quarter are $244.73 Million according to 5 number of analysts, for the current quarter the company has high revenue estimates of $251.85 Million in contradiction of low revenue estimates of $235.6 Million. For the current year the company’s revenue estimates are $1.01 Billion compared to low analyst estimates of $971.2 Million and high estimates of $1.03 Billion according to 5 number of analysts.
Currently Extreme Networks (NASDAQ:EXTR)’s shares owned by insiders are 1.5%, whereas shares owned by institutional owners are 82%. However the six-month change in the insider ownership was recorded 10.78%, as well as three-month change in the institutional ownership was recorded 0.31%.
Extreme Networks (NASDAQ:EXTR)’s trailing twelve month revenues are $983.1 Million, whereas its price to sales ratio for the same period is 0.71. Its book value per share for the most recent quarter is $0.97 while its price to book ratio for the same period is 6.74, as for as the company’s cash per share for the most recent quarter is $1.14, however its price to cash per share ratio for the same period is 5.73. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.