Brokerages Set Extreme Networks, Inc. (NASDAQ:EXTR) Price Target at $30.83

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $30.8333.

Several equities analysts have recently weighed in on EXTR shares. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. UBS Group set a $28.00 price target on shares of Extreme Networks in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 6th. Rosenblatt Securities lifted their price objective on shares of Extreme Networks from $29.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Needham & Company LLC upped their price objective on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th.

Insiders Place Their Bets

In other Extreme Networks news, CFO Kevin R. Rhodes sold 35,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $30.43, for a total transaction of $1,065,050.00. Following the transaction, the chief financial officer owned 151,296 shares in the company, valued at approximately $4,603,937.28. This represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Katayoun Motiey sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $31.03, for a total value of $930,900.00. Following the completion of the sale, the insider directly owned 120,834 shares in the company, valued at approximately $3,749,479.02. The trade was a 19.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 592,182 shares of company stock valued at $15,423,978 over the last quarter. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new stake in Extreme Networks in the 3rd quarter valued at $31,000. Rockefeller Capital Management L.P. increased its holdings in Extreme Networks by 313.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock worth $33,000 after acquiring an additional 1,484 shares in the last quarter. Quarry LP raised its position in Extreme Networks by 74.9% during the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after acquiring an additional 1,118 shares during the period. CWM LLC raised its position in Extreme Networks by 51.7% during the fourth quarter. CWM LLC now owns 3,179 shares of the technology company’s stock worth $53,000 after acquiring an additional 1,084 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Extreme Networks by 136.8% during the fourth quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock valued at $54,000 after purchasing an additional 1,861 shares in the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

Extreme Networks Stock Performance

Shares of EXTR stock opened at $32.91 on Tuesday. Extreme Networks has a 52-week low of $13.48 and a 52-week high of $33.73. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.89. The stock has a market cap of $4.30 billion, a PE ratio of 274.25, a price-to-earnings-growth ratio of 2.07 and a beta of 1.77. The business has a 50-day simple moving average of $28.42 and a 200-day simple moving average of $20.17.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The firm had revenue of $316.87 million for the quarter, compared to analyst estimates of $311.48 million. During the same period last year, the company earned $0.21 earnings per share. Extreme Networks’s revenue for the quarter was up 11.4% compared to the same quarter last year. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. On average, equities analysts expect that Extreme Networks will post 0.53 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.