For its fourth fiscal quarter (ending June 30), Extreme Networks Inc (NASDAQ: EXTR) has reported a -310% decline in E.P.S. from $0.20 a year ago to $-0.42 in the current quarter. This result fell short of the consensus estimate of $0.13 by $-0.55. For the latest four quarters through June 30, E.P.S. were $-0.65 versus $0.60 for the same period a year ago — a decline of -208%.
Recent Price Action
Extreme Networks Inc (NASDAQ: EXTR) stock closed at $12.65 on 8/7/24 after a decline of -2.3%. Moreover, unusually high trading volume at 155% of normal accompanied the decline. The stock has declined -11.2% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, EXTR is expected to continue to be a major Value Builder.
Extreme Networks has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Extreme Networks has a neutral Appreciation Score of 46 but a very low Power Rating of 10, with the Lowest Value Trend Rating the result.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
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