Extreme Networks, Inc. stock performance trend indicates that the stock price has rallied 34.2% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 49.44% . Looking at the past 52 week period, the stock price is up at 123.67% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Extreme Networks, Inc. has a positive value of 57.55 compared to overall market.Extreme Networks, Inc. is having a Relative Strength Index of 64.96 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Extreme Networks, Inc. (NASDAQ:EXTR) has climbed 1.05% in the past week and advanced 8.4% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.81% and the outperformance has advanced to 7.17% for the last 4 weeks period.
For the current week, the company shares have a recommendation consensus of Buy. Extreme Networks, Inc. (NASDAQ:EXTR) witnessed a volatile trading activity on Friday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $6.68 and reached the intraday high at $6.79. The bulls started the profit booking and pushed the shares to intraday low of $6.605. The trading session was marked by a volume range of 1,946,108 shares exchanging hands. The 52-week high of the shares is $7.105 and the 52-week low is $2.95. The market cap of the company stands at $726 million and there are 108,170,914 shares in public circulation.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Needham on Mar 8, 2017 to Buy, Raises Price Target to $ 7 from a previous price target of $6.25 .
Company has reported several Insider transactions to the SEC, on Dec 15, 2016, John H Kispert (director) sold 15,000 shares at 5.00 per share price.On Dec 15, 2016, Edward Meyercord (President and CEO) sold 65,000 shares at 5.00 per share price.On Nov 22, 2016, Charles Carinalli (director) sold 31,536 shares at 4.47 per share price.
Extreme Networks Inc Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $0.07. The company had revenue of $148.10 million for the quarter, compared to analysts expectations of $152.30 million. The companys revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
Extreme Networks, Inc. is a leading provider of a next generation of switching solutions that meet the increasing needs of enterprise local area networks internet service providers and content providers. The key advantages of its Layer 3 switching solutions are increased performance, the ability to easily grow in size as customer needs change, flexible allocation of network resources, ease of use and lower cost of ownership. These advantages are obtained through the use of custom semiconductors, known as ASICs, in its products and through hardware and software designs.