Extreme Networks Inc

Company Profile

Extreme Networks Inc had its IPO on 1999-04-09 under the ticker symbol EXTR.

The company operates in the Technology sector and Communication Equipment industry. Extreme Networks Inc has a staff strength of 2,643 employees.

Stock update

Shares of Extreme Networks Inc opened at $25.7 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $25.13 - $25.73, and closed at $25.32.

This is a -1.06% slip from the previous day's closing price.

A total volume of 1,599,840 shares were traded at the close of the day’s session.

In the last one week, shares of Extreme Networks Inc have slipped by -6.71%.

Extreme Networks Inc's Key Ratios

Extreme Networks Inc has a market cap of $2.76 billion, indicating a price to book ratio of 20.4992 and a price to sales ratio of 2.2157.

In the last 12-months Extreme Networks Inc’s revenue was $1.23 billion with a gross profit of $629.94 million and an EBITDA of $120.50 million. The EBITDA ratio measures Extreme Networks Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Extreme Networks Inc’s operating margin was 6.92% while its return on assets stood at 5.07% with a return of equity of 57.35%.

In Q1, Extreme Networks Inc’s quarterly earnings growth was a positive 72.2% while revenue growth was a positive 16.5%.

Extreme Networks Inc’s PE and PEG Ratio

Forward PE

14.1243

Trailing PE

46.4348

PEG

0.88

Its diluted EPS in the last 12-months stands at $0.46 per share while it has a forward price to earnings multiple of 14.1243 and a PEG multiple of 0.88. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Extreme Networks Inc’s profitability.

Extreme Networks Inc stock is trading at a EV to sales ratio of 1.8057 and a EV to EBITDA ratio of 19.103. Its price to sales ratio in the trailing 12-months stood at 2.2157.

Extreme Networks Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$1.07 billion

Total Liabilities

$526.85 million

Operating Cash Flow

$-2363000.00

Capital Expenditure

$2.36 million

Dividend Payout Ratio

0%

Extreme Networks Inc ended 2023 with $1.07 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.07 billion while shareholder equity stood at $103.19 million.

Extreme Networks Inc ended 2023 with $203.46 million in deferred long-term liabilities, $526.85 million in other current liabilities, 143000.00 in common stock, $-881425000.00 in retained earnings and $394.67 million in goodwill. Its cash balance stood at $203.00 million and cash and short-term investments were $203.00 million. The company’s total short-term debt was $47,753,000 while long-term debt stood at $198.19 million.

Extreme Networks Inc’s total current assets stands at $502.07 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $158.64 million compared to accounts payable of $95.96 million and inventory worth $70.31 million.

In 2023, Extreme Networks Inc's operating cash flow was $-2363000.00 while its capital expenditure stood at $2.36 million.

Comparatively, Extreme Networks Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$25.32

52-Week High

$22.07

52-Week Low

$8.49

Analyst Target Price

$22

Extreme Networks Inc stock is currently trading at $25.32 per share. It touched a 52-week high of $22.07 and a 52-week low of $22.07. Analysts tracking the stock have a 12-month average target price of $22.

Its 50-day moving average was $27.81 and 200-day moving average was $21.31 The short ratio stood at 5.66 indicating a short percent outstanding of 0%.

Around 231.8% of the company’s stock are held by insiders while 9004.4% are held by institutions.