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

Extreme Networks Inc provides cloud networking solutions and industry services and support. Extreme designs, develops, and manufactures wired, wireless, and software-defined wide area-network (SD- WAN) infrastructure equipment, software and cloud-based network management solutions. The company's cloud solution is a single platform that offers unified network management of wireless access points, switches, and SD-WAN. 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 February 7, 2025, EXTR stock price declined to $15.39 with 765,808 million shares trading.

EXTR has a market cap of $2.04 billion. This is considered a Mid Cap stock.

Last quarter Extreme Networks reported $279 million in Revenue and $.21 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.03.

In the last 3 years, EXTR 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): IJR, VTI, IWM, VGT, VXF.

EXTR has outperformed the market in the last year with a return of +25.4%, while the SPY ETF gained +22.0%. However, in the most recent history, EXTR shares have underperformed the stock market with its stock returning -8.7% in the last 3 month period and -9.5% for the last 2 week period, while SPY has returned +1.2% and -1.2%, respectively.

EXTR support price is $15.13 and resistance is $15.85 (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 shares will trade within this expected range on the day.