Last Updated: 09 Nov 2024
Executive Summary
Extreme Networks Inc. (EXTR) is a provider of software-driven networking solutions for businesses, data centers, and service providers. The company has a market capitalization of $2.21 billion and is headquartered in San Jose, California.
Company Overview
Extreme Networks' products and services include:
Network infrastructure solutions, such as switches, routers, and firewalls
Software-defined networking (SDN) solutions
Cloud-based networking solutions
Security solutions
The company's customers include a wide range of organizations, including Fortune 500 companies, government agencies, and educational institutions.
Fundamental Analysis
Extreme Networks' financial performance has been mixed in recent years. The company has reported losses in each of the past three fiscal years. However, the company's revenue has grown in each of the past three years.
Revenue: $1.03 billion in fiscal 2023, up 2.3% year-over-year
Net loss: -$49.1 million in fiscal 2023, compared to a net loss of -$36.1 million in fiscal 2022
Adjusted EBITDA: -$49.1 million in fiscal 2023, compared to -$36.1 million in fiscal 2022
Extreme Networks' balance sheet is relatively strong. The company has $406.7 million in cash and equivalents and $1.1 billion in total debt.
Technical Analysis
Extreme Networks' stock price has been trading in a range between $10.49 and $18.77 over the past 52 weeks. The stock is currently trading at $16.76, which is above its 50-day moving average of $14.94 and its 200-day moving average of $13.08.
The stock's relative strength index (RSI) is currently at 52.6, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
Extreme Networks' stock price is likely to continue to trade in a range in the short term. The company's financial performance has been mixed in recent years, and the stock's technical indicators are neutral.
Long Term Outlook
Extreme Networks' long-term outlook is positive. The company is a leader in the software-defined networking market, and its products and services are in high demand. The company's financial performance is expected to improve in the coming years as the company continues to grow its revenue and reduce its losses.
Analyst Recommendations
Four analysts have a buy rating on Extreme Networks, and three analysts have a hold rating. The average analyst target price is $19.33.
