Extreme Networks, Inc. (NASDAQ:EXTR) Receives $22.67 Average Price Target from Analysts

Extreme Networks, Inc. (NASDAQ:EXTR) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.6667.

A number of research firms recently commented on EXTR. Needham & Company LLC dropped their target price on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Bank of America initiated coverage on Extreme Networks in a research report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price objective for the company. Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a research report on Thursday, January 29th. Finally, UBS Group reissued a “neutral” rating and issued a $17.00 price target on shares of Extreme Networks in a research note on Thursday, January 29th.

Insider Activity

In related news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $14.91, for a total value of $745,500.00. Following the completion of the sale, the chief executive officer owned 1,871,418 shares in the company, valued at approximately $27,902,842.38. This represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of Extreme Networks

Hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC purchased a new position in shares of Extreme Networks during the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Extreme Networks during the 3rd quarter valued at about $31,000. CWM LLC increased its holdings in shares of Extreme Networks by 44.8% in the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock valued at $43,000 after purchasing an additional 648 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Extreme Networks by 85.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,014 shares during the period. Finally, Quarry LP lifted its position in shares of Extreme Networks by 74.9% in the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,118 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Down 3.2%

EXTR stock opened at $13.98 on Wednesday. The stock has a market cap of $1.88 billion, a PE ratio of 199.74, a price-to-earnings-growth ratio of 1.55 and a beta of 1.67. The firm’s 50-day simple moving average is $15.10 and its 200 day simple moving average is $17.93. Extreme Networks has a fifty-two week low of $10.10 and a fifty-two week high of $22.89. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 1.61.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The firm had revenue of $317.93 million during the quarter, compared to analysts’ expectations of $312.33 million. During the same quarter in the prior year, the firm earned $0.21 EPS. Extreme Networks’s quarterly revenue was up 13.8% on a year-over-year basis. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS and its FY 2026 guidance at 0.980-1.020 EPS. As a group, sell-side analysts predict that Extreme Networks will post 0.31 EPS for the current year.

Extreme Networks Company Profile

Extreme Networks, Inc (NASDAQ: EXTR) is a global provider of end-to-end networking solutions designed to support enterprise, data center, and service provider environments. The company’s product portfolio encompasses high-performance wired and wireless access switches, routers, network security appliances, and software-defined networking (SDN) tools. Driven by a cloud-native management architecture, Extreme’s Intelligent Edge Platform integrates network analytics, automation and orchestration capabilities to help organizations optimize performance, reduce operational complexity and strengthen security.

Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.