How Does Extreme Networks, Inc. (EXTR) Stack Up Right Now?

Extreme Networks, Inc. (EXTR) is an interesting player in the Technology space, with a focus on Networking & Communication Devices. The stock has been active on the tape, currently trading at $12.52, down from yesterday’s close by -0.95%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Extreme Networks, Inc. (EXTR) currently trades with a market capitalization of $1.43 Billion. That value represents a market adjusting for revenues that have been growing by 72.68 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $52.1 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.12 on a per share basis this quarter. Perhaps, that suggests something about why 11.77% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Extreme Networks, Inc. recorded a 52-week high of $14.34. It is now trading 1.82% off that level. The stock is trading $12.37 its 50-day moving average by -0.15%. The stock carved out a 52-week low down at $4.97.

In recent action, Extreme Networks, Inc. (EXTR) has made a move of -2.57% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.91% with $111.26 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of EXTR.

Previous articleChecking the Overall Picture for Genworth Financial, Inc. (GNW)
Next articleTaking a Fresh Look at The PNC Financial Services Group, Inc. (PNC)