Extreme Networks Stock Return On Asset
| EXTR Stock | USD 11.15 0.06 0.54% |
Extreme Networks fundamentals help investors to digest information that contributes to Extreme Networks' financial success or failures. It also enables traders to predict the movement of Extreme Stock. The fundamental analysis module provides a way to measure Extreme Networks' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Extreme Networks stock.
As of 04/24/2024, Return On Assets is likely to grow to 0.06. Extreme | Return On Asset |
Extreme Networks Company Return On Asset Analysis
Extreme Networks' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Extreme Networks Return On Asset | 0.0723 |
Most of Extreme Networks' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Extreme Networks is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Extreme Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Extreme Networks is extremely important. It helps to project a fair market value of Extreme Stock properly, considering its historical fundamentals such as Return On Asset. Since Extreme Networks' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Extreme Networks' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Extreme Networks' interrelated accounts and indicators.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Extreme Total Assets
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Based on the latest financial disclosure, Extreme Networks has a Return On Asset of 0.0723. This is 102.5% lower than that of the Communications Equipment sector and 104.89% lower than that of the Information Technology industry. The return on asset for all United States stocks is 151.64% lower than that of the firm.
Extreme Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Extreme Networks' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Extreme Networks could also be used in its relative valuation, which is a method of valuing Extreme Networks by comparing valuation metrics of similar companies.Extreme Networks is currently under evaluation in return on asset category among related companies.
Extreme Fundamentals
| Return On Equity | 0.83 | ||||
| Return On Asset | 0.0723 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | 0.07 % | ||||
| Current Valuation | 1.45 B | ||||
| Shares Outstanding | 128.73 M | ||||
| Shares Owned By Insiders | 2.64 % | ||||
| Shares Owned By Institutions | 92.54 % | ||||
| Number Of Shares Shorted | 11.73 M | ||||
| Price To Earning | 57.61 X | ||||
| Price To Book | 12.72 X | ||||
| Price To Sales | 1.02 X | ||||
| Revenue | 1.31 B | ||||
| Gross Profit | 629.94 M | ||||
| EBITDA | 149.62 M | ||||
| Net Income | 78.07 M | ||||
| Cash And Equivalents | 194.52 M | ||||
| Cash Per Share | 1.48 X | ||||
| Total Debt | 264.61 M | ||||
| Debt To Equity | 3.89 % | ||||
| Current Ratio | 0.98 X | ||||
| Book Value Per Share | 0.84 X | ||||
| Cash Flow From Operations | 249.21 M | ||||
| Short Ratio | 5.73 X | ||||
| Earnings Per Share | 0.60 X | ||||
| Price To Earnings To Growth | 0.79 X | ||||
| Target Price | 14.58 | ||||
| Number Of Employees | 2.85 K | ||||
| Beta | 1.9 | ||||
| Market Capitalization | 1.43 B | ||||
| Total Asset | 1.14 B | ||||
| Retained Earnings | (856 M) | ||||
| Working Capital | 657 K | ||||
| Current Asset | 228.97 M | ||||
| Current Liabilities | 211.53 M | ||||
| Net Asset | 1.14 B |
About Extreme Networks Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Extreme Networks's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Extreme Networks using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Extreme Networks based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Extreme Networks
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extreme Networks position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extreme Networks will appreciate offsetting losses from the drop in the long position's value.Moving together with Extreme Stock
| 0.82 | DZSI | DZS Inc Financial Report 13th of May 2024 | PairCorr |
| 0.79 | AAPL | Apple Inc Earnings Call Next Week | PairCorr |
Moving against Extreme Stock
| 0.79 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.7 | GDDY | Godaddy Earnings Call Next Week | PairCorr |
| 0.65 | LRCX | Lam Research Corp Financial Report 24th of July 2024 | PairCorr |
| 0.61 | AVNW | Aviat Networks Earnings Call This Week | PairCorr |
| 0.53 | MCHB | Mechanics Bank | PairCorr |
The ability to find closely correlated positions to Extreme Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extreme Networks when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extreme Networks - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extreme Networks to buy it.
The correlation of Extreme Networks is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extreme Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extreme Networks moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Extreme Networks can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Extreme Networks Piotroski F Score and Extreme Networks Altman Z Score analysis. To learn how to invest in Extreme Stock, please use our How to Invest in Extreme Networks guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Extreme Stock analysis
When running Extreme Networks' price analysis, check to measure Extreme Networks' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Extreme Networks is operating at the current time. Most of Extreme Networks' value examination focuses on studying past and present price action to predict the probability of Extreme Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extreme Networks' price. Additionally, you may evaluate how the addition of Extreme Networks to your portfolios can decrease your overall portfolio volatility.
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Is Extreme Networks' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Extreme Networks. If investors know Extreme will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Extreme Networks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.77) | Earnings Share 0.6 | Revenue Per Share 10.456 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0723 |
The market value of Extreme Networks is measured differently than its book value, which is the value of Extreme that is recorded on the company's balance sheet. Investors also form their own opinion of Extreme Networks' value that differs from its market value or its book value, called intrinsic value, which is Extreme Networks' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Extreme Networks' market value can be influenced by many factors that don't directly affect Extreme Networks' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Extreme Networks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Extreme Networks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extreme Networks' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.