Extreme Networks (EXTR, Financial) experienced a significant stock movement, with its shares rising by 5.17%. The stock is currently priced at $15.67 per share, with a trading volume of 288,493 shares and a turnover rate of 0.22%. The price fluctuation reached 4.73%.
The recent financial report indicates an operating revenue of $1.117 billion, with a net loss of $85.96 million. Earnings per share stand at -$0.66, and the company has a gross profit of $629 million, resulting in a price-to-earnings ratio of -23.70.
Regarding institutional ratings, 57% of the seven participating analysts recommend buying EXTR stock, while 43% suggest holding it. No analysts have advised selling the stock.
Extreme Networks is part of the communications sector, which has seen an overall increase of 1.30%. Noteworthy performers in the sector include Inseego Corp., Amplitech Group, Inc., and Akoustis Technologies, Inc., which have shown considerable gains. Akoustis Technologies, Inc., Ast Spacemobile, Inc., and Siyata Mobile, Inc. have been particularly active, with turnover rates of 4.44%, 3.47%, and 3.38%, respectively. The stocks with the highest price fluctuations are Akoustis Technologies, Inc. (12.29%), Siyata Mobile, Inc. (10.64%), and Inseego Corp. (10.25%).
Extreme Networks specializes in cloud networking solutions and industry services. The company designs, develops, and manufactures wired, wireless, and software-defined wide area network (SD-WAN) infrastructure equipment, software, and cloud-based network management solutions. Its cloud solutions provide unified network management for wireless access points, switches, and SD-WAN.
