Notable Stock News to Watch: Extreme Networks, Inc. (NASDAQ: EXTR)

On Tuesday, Extreme Networks, Inc. (NASDAQ: EXTR) noted an up move of 3.36% in most recent trading session with finishing price of $6.76. The company negotiated 2056449 shares compared to an average volume of 1112.49K shares. EPS growth for this year is 46.50% and EPS growth for next year is estimated to reach at 36.69%. EPS growth in past five years was 18.20% while EPS growth in next five years is projected to arrive at 20.00%. Sales growth past 5 years was measured at 13.90%.

Extreme Networks, Inc. (EXTR) reported recently that Pete Doolittle has joined the company as Senior Vice President of Americas Sales. Pete is a proven business leader with nearly 25 years of enterprise sales experience; he most recently led the global SD-WAN sales team at Cisco Systems. In this new role at Extreme, Pete will work closely with sales leadership to drive Extreme’s go-to-market strategy and revenue growth in the Americas with the company’s key partners

“We are excited to welcome Pete to our team. As Extreme doubles-down on our cloud-driven go-to-market model, we are investing in organizational talent with top-graded sales leadership hires in key regions and vertical markets. The hiring of Pete demonstrates this commitment. He has a strong pedigree in enterprise technology sales, having recently led the SD-WAN sales team at Cisco and having served as a key player in driving the company’s transition to software-driven solutions and cloud delivery models. We look forward to leveraging his experience to help us grow our cloud-driven enterprise business and take share from larger competitors,” stated¬†Bob Gault, Chief Revenue and Services Officer, Extreme Networks.

The stock as of last trading session moved at 32.81% from its 52-week low and was trading at -21.26% to its 52-week high. In the profitability analysis, net profit margin of the firm was recorded at -1.40% and operating profit margin was calculated at -0.60% while gross profit margin was measured as 55.00%. Beta factor, which measures the riskiness of the security, was registered at 1.65. In the liquidity ratio analysis; quick ratio for most recent quarter was 1.1 while current ratio for time period was 1.2. In most recent quarter, LT Debt/Equity ratio was listed at 1.46 and Total Debt/Equity ratio was noted at 1.54.

 

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