For its third fiscal quarter (ending March 31), Extreme Networks Inc (NASDAQ: EXTR) has reported a -394% decline in E.P.S. from $0.17 a year ago to $-0.50 in the current quarter. This result fell short of the consensus estimate of $0.16 by $-0.66. E.P.S. were $-0.05 for the latest four quarters through March 31 versus $0.45 for the same period a year ago — a decline of -111%.
Recent Price Action
Extreme Networks Inc (NASDAQ: EXTR) stock enjoyed a large increase of 2.2% on 5/1/24. The stock closed at $11.45. Moreover, exceptionally high trading volume at 258% of normal accompanied the advance. The stock has risen 3.2% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
EXTR is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Extreme Networks has a current Value Trend Rating of F (Lowest Rating). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Extreme Networks has a slightly positive Appreciation Score of 61 but a very low Power Rating of 0, triggering the Lowest Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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