EXTR Stock Summary and Trading Ideas (Extreme Networks | NASDAQ:EXTR)

Extreme Networks Inc provides software-driven networking services for enterprise customers. Its products include wired and wireless network infrastructure equipment and software for network management, policy, analytics, and access controls. It offers high-density Wi-Fi, centralized management, cloud-based network management, and application analytics capabilities. The company operates in a single segment which develops and markets network infrastructure equipment. Roughly half of the firm's revenue is generated in the Americas, with the rest coming from Europe, the Middle East, Africa, and Asia-Pacific.

Extreme Networks trades on the NASDAQ stock market under the symbol EXTR.

As of April 17, 2024, EXTR stock price was flat at $11.13 with 1,524,927 million shares trading.

EXTR has a beta of 0.40, meaning it tends to be less sensitive to market movements. EXTR has a correlation of 0.01 to the broad based SPY ETF.

EXTR has a market cap of $1.44 billion. This is considered a Small Cap stock.

Last quarter Extreme Networks reported $296 million in Revenue and $.24 earnings per share. This beat revenue expectation by $767,000 and missed earnings estimates by -$.01.

In the last 3 years, EXTR stock traded as high as $32.73 and as low as $8.49.

The top ETF exchange traded funds that EXTR belongs to (by Net Assets): CALF, VTI, IWM, VGT, VXF.

EXTR has underperformed the market in the last year with a return of -42.1%, while the SPY ETF gained +23.0%. In the last 3 month period, EXTR fell short of the market, returning -31.4%, while SPY returned +5.7%. However, in the most recent 2 weeks EXTR has outperformed the stock market by returning -0.5%, while SPY returned -3.5%.

EXTR support price is $10.84 and resistance is $11.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EXTR stock will trade within this expected range on the day.